Financial institutions see relief potential relief from rules

In a divided Washington, where few issues generate bipartisan support, relief from financial regulations for smaller banks seems to be a singular exception. As President Trump, Republican members of Congress, and bank lobbyists look to overhaul banking rules put in place after the 2008 financial crisis, some regulatory advocates agree that targeted changes for smaller institutions are needed.

Turnbull government ‘looking closely’ at British-style rent-to-buy scheme

The Turnbull government is looking "closely" at a rent-to-buy scheme for first home buyers similar to that used in Britain, Fairfax Media has confirmed, as MPs rush to fill the void on housing affordability with their own ideas. Nationals MP Andrew Broad on Friday floated a proposal to allow renters to buy a home without paying a deposit, if the money they normally spent on rent was commensurate with the mortgage repayments.

Mika Brzezinski puts mansion on sale for $2million

Mika's moving on: Morning Joe co-host puts her New York mansion on sale for $2million after divorcing her husband The MSNBC presenter's three-storey home, on a third of an acre of land, has six bedrooms and four bathrooms Morning news anchor Mika Brzezinski has put the New York mansion she bought with her ex husband on the market. The 102 year old Tudor-style home in Bronxville is on sale for a cool $2.09 million, $200,000 more than she and former spouse James Hoffer paid for it in 2012.

Community banks hopeful as lawmakers target financial rules

Community banks and small businesses are optimistic about changes the Trump administration and Congress have promised to laws that tightened supervision of the banking industry after the 2008 financial crisis. The number of small, local banks has declined since the Great Recession, a change that advocates feel was intensified by the paperwork the increased oversight entails.

How Trump & Co. have moved to quash tighter financial rules

President Donald Trump sits at his desk after a meeting with Intel CEO Brian Krzanich, left, and members of his staff in the Oval Office of the White House in Washington. Just three weeks into his administration, Trump and his allies are acting quickly to dismantle a web of regulations the government passed after the 2008 financial crisis to tighten oversight of banks and protect consumers and taxpayers.

Casey says he’ll vote against Trump cabinet nominees Mnuchin and Price

Sen. Bob Casey announced this morning that he will vote against two controversial Trump cabinet nominees: Steven Mnuchin for the Treasury Department and Tom Price as Secretary of Health and Human Services. In a statement, Mr. Casey expressed concern about policies that Mr. Price had pursued as a Congressman from Georgia.

Dems delay vote on Mnuchin to protest Trump order

The vote will now take place on Tuesday morning, when the committee already was scheduled to convene for a vote on the nomination of Tom Price to be the next secretary of Health and Human Services.  Senate Finance Committee Ranking Member Ron Wyden, D-Ore., said the vote was postponed so members could attend a candelight vigil planned for tonight to protest President Donald Trump's executive order banning refugees and foreign nationals from seven majority-Muslim countries from entering the United States. The delay comes one day after The Dispatch published a story reporting that despite his denials, OneWest, the company he once served as chief executive officer, repeatedly used "robo-signing."

Royal Bank of Scotland (RBS) earmarks further A 3.1bn to cover US mortgage mis-selling claims

Royal Bank of Scotland as the bank has set aside another 3.8bn US dollars for expected settlements with US authorities over allegations that it mis-sold risky mortgages in the run-up to the financial crisis. Photo: Philip Toscano/PA Wire Royal Bank of Scotland has set aside another 3.8bn US dollars to settle claims from US authorities that it mis-sold risky mortgage securities in the run-up to the financial crisis.

Trump Administration Suspends Mortgage Premium Rate Cut

The freshly-inaugurated Trump administration has halted a cut to the FHA mortgage insurance premium that Obama's team announced during his final days in office. The Department of Housing and Urban Development said Friday that the reduction to the annual mortgage insurance premiums borrowers pay when taking out government-backed home loans has been "suspended indefinitely."

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Trump’s Treasury pick facing criticism over foreclosures

Donald Trump 's pick to lead the Treasury Department, Stephen Mnuchin , built his reputation and his fortune as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats as he heads into his confirmation hearing Thursday: sub-prime mortgage lender IndyMac bank.

Banking committee sets vote on Carson’s HUD nomination

After a relatively easy confirmation hearing, Ben Carson will get a vote on his nomination to be secretary of the Department of Housing and Urban Development next week. The Senate Banking Committee, headed by Sen. Mike Crapo of Idaho, announced Tuesday evening that the vote would be held the morning of Jan. 24. Carson, a former neurosurgeon without experience in government or housing, demonstrated an ability to quickly pick up knowledge and also to diplomatically answer senators' tough questions at his hearing.

Marijuana legislation inches ahead despite Christie warning

Republican Gov. Chris Christie's warning to the Democrat-led Legislature not to move forward with legalizing marijuana is going mostly unheeded. Christie, a longtime opponent of legalizing the recreational use of the drug, cautioned lawmakers in an impassioned State of the State address aimed at battling the opioid epidemic.