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Bill To Gut Consumer Financial Protection Bureau Heads To House Committee
Tuesday, April 25, 2017 - 2:09pm | 855Read More...If you’re among the 29 million consumers who got back a portion of the $11.8 billion in bad billings by your credit card company or lender, you’re probably happy that a thing called the Consumer Financial Protection Bureau was created by former President Barack Obama nearly six years...
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7 Things You Need To Know About Dodd-Frank's Potential Replacement
Thursday, April 20, 2017 - 1:19pm | 489Read More...The Financial Select Sector SPDR Fund (NYSE: XLF) is up 1.28 percent on Thursday after the House of Representatives unveiled a proposed Dodd-Frank Act replacement bill called the Financial Choice Act. The Dodd-Frank Act was passed in 2010 and intended to increase federal oversight of the U.S....
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Mnuchin Stays Vague On Fannie And Freddie In New Interviews
Thursday, February 23, 2017 - 11:06am | 514Read More...On Thursday morning, Treasury Secretary Steven Mnuchin had his first sit-down interviews with Fox Business (Twenty-First Century Fox Inc (NASDAQ: FOXA)) and CNBC since his confirmation. One of the hot-button topics that Mnuchin discussed is the fate of Federal National Mortgage Assctn Fnni Me (OTC...
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Why The Fate Of Fannie And Freddie Is Tied To Trump's Pick To Head The Treasury
Thursday, January 19, 2017 - 4:58pm | 612Read More...Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are down more than 3 percent on Thursday following comments by President-elect Donald Trump’s Treasury Secretary nominee Steven Mnuchin. Mnuchin lit a fire under the two stocks back...
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House Republicans Want To Get Rid Of Fannie & Freddie
Thursday, March 17, 2011 - 9:54am | 79Read More...House Republicans are introducing a bill today that will wind down Freddie Mac & Fannie Mae, to ween them off government support. In a 5 year time frame, the Republicans wants to shrink the company's portfolios to $700 billion, and then eventually $250 billion. The plan is to then put the...
