by Yemeng Yang | Aug 22, 2017 | Business & Tech
WASHINGTON – After soaring to new highs in August in part due to a technical update, Bitcoin prices are expected to get more volatile approaching the next update in November. Bitcoin prices dipped below $4,000 on Tuesday, touching as low of $3,689, according to...
![Congress unlikely to act on housing finance reform this year, experts say]()
by Yemeng Yang | Aug 17, 2017 | Business & Tech
WASHINGTON – Treasury Secretary Steven Mnuchin has said he wants to work on housing finance reform – including the future of Fannie Mae and Freddie Mac — in the second half of 2017, but the issue has stalled in Congress and is unlikely to get much attention this...
![Cotton says there’s enough time to repeal CFPB arbitration rule]()
by Yemeng Yang | Jul 20, 2017 | Business & Tech, Featured
WASHINGTON — Facing a 60-day deadline and a looming summer congressional recess, Sen. Tom Cotton of Arkansas vowed Wednesday that he and his fellow Republicans have enough time to overturn a rule that allows consumers to band together and sue financial institutions....
![Federal Reserve Governor: Housing finance needs fundamental reform]()
by Yemeng Yang | Jul 6, 2017 | Business & Tech
WASHINGTON – With a major housing finance reform bill pending in Congress, Jerome H. Powell, one of four sitting governors on the Federal Reserve Board, said Thursday that the nation is overdue for substantial changes in the mortgage market. Powell, a former...
![Housing Finance Reform should include small lenders]()
by Yemeng Yang | Jun 29, 2017 | Business & Tech
WASHINGTON – Housing finance reform plans aimed at ending the government conservatorship of Fannie Mae and Freddie Mac must take into account the needs of small lenders and increase the competence of the secondary mortgage market, several senators and banking experts...
