Financial institutions regulated by the Federal Trade Commission could face increased oversight as the agency wields its newly expanded authority to regulate non-bank mortgage activities. The FTC last week carried out a mandate imposed by the 2009 Omnibus Appropriations Act by issuing proposed rules aimed at curbing unfair and deceptive mortgage practices at financial institutions...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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