President Joe Biden has nominated a privacy advocate from Georgetown University’s law school to take Rohit Chopra’s seat on the Federal Trade Commission (FTC). This nomination comes at a time when the FTC has been critiqued for not doing enough to protect consumers’ data. FTC Chair Lina Khan, also a Biden appointee, congratulated the new … Read more
Findings from the Mortgage Bankers Association’s monthly commercial real estate loan performance survey and a report on commercial and multifamily delinquency in the second quarter of 2021 showed said delinquencies to be on the decline. “Delinquency rates for mortgages backed by commercial and multifamily properties have broadly improved in recent months as the U.S. economy … Read more
Doma Holdings, Inc. reported GAAP revenues in the second quarter of $130 million, up $30 million, or 29 percent, year-over-year. Retained premiums and fees of $65 million increased by $20 million, or 46 percent, compared with a year ago, according to the company’s second-quarter earnings report. Read on for more from the company’s second-quarter earnings report.
The Office of the Comptroller of the Currency (OCC) has assessed Wells Fargo with a civil money penalty and issued a cease-and-desist order based on violations of a 2018 compliance consent order and the bank’s failure to establish an effective home lending loss mitigation program. “Wells Fargo has not met the requirements of the OCC’s … Read more
Summary FINRA requests comment on a proposed change to its current policy relating to the assignment of OTC symbols to unlisted equity securities. Specifically, FINRA is considering whether it should begin assigning OTC symbols to unlisted equity securities that do not have a valid CUSIP identifier, in the limited circumstance where a member firm demonstrates … Read more
The Biden-Harris administration announced it is pushing for historic, long-term investments in new housing. This movement is part of the administration’s Build Back Better agenda, a plan to invest in building new homes and making existing housing safer, healthier, and more energy efficient. While waiting for congressional approval, the White House gave several steps for … Read more