Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: GSE-reform PATH Act Is Offcially Introduced in House
WASHINGTON (7/22/13, UPDATED 4:15 p.m. ET)--The Protecting American Taxpayers and Homeowners--or PATH--Act, unveiled by House Financial Services Committee Chair Jeb Hensarling (R-Texas) on July 11, has now been formally introduced in the House.

It was introduced by Rep. Scott Garrett, a Republican representing New Jersey.
 
The housing finance reform bill, now H.R. 2767, was subject to a Financial Services Committee hearing last week and is scheduled for markup starting tomorrow morning at 10:15 a.m. (ET).
 
During last week's hearing, it was clear that there was a partisan divide regarding support for the bill. Republican committee members mostly hailed it as the way to "create a sustainable housing finance system." Many Democrats expressed worry that it would kill availability of the traditional 30-year, fixed rate mortgage for many Americans.
 
Also on housing, on the Senate side, Credit Union National Association Chief Economist Bill Hampel is scheduled to testify Tuesday before a Senate Banking subcommittee on the topic of  "Creating a Housing Finance System Built to Last: Ensuring Access for Community Institutions."


RSS





print
News Now LiveWire
.@CFPB has concerns Re:electronic paymnts networks,particularly its effects on consumers,said bureau director Cordray http://t.co/mqi9bHL6Fb
3 minutes ago
#NewsNow CUNA Tech Council white paper looks at EMV http://t.co/2znk5N0Y4m
52 minutes ago
.@CUNA 3 pm ET Twitter chat Tues about recent customer satisfaction results ranking #CUs much higher than banks. #CUServiceExcellence.
1 hours ago
AACUL honors @DianaRDykstra with Eagle Award; Wendell Lyon re-elected chair http://t.co/FacmfLiItH
1 hours ago
.@NCUFoundation's Hyland, #creditunion leaders grace small screen for Va. TV program #CUNANewsNow http://t.co/opmMXzD91e
2 hours ago