Product Details

The Department of the Treasury this week issued a report calling for stripping the Consumer Financial Protection Bureau of its supervisory powers over federally insured banks and state-supervised nonbanks, clarifying and modifying the TILA-RESPA integrated disclosure rule, and freezing additional rulemaking in mortgage servicing. The report recommends actions and changes that can be immediately undertaken to reduce regulatory overlap, fragmentation and duplication. While some of the changes could be implemented administratively, many would require congressional action. Treasury called...