Legislation

After nearly a year of anxious waiting for many veteran homeowners struggling to make their mortgage payments, the U.S. Department of Veterans Affairs announced the release of its new partial claim program and updated loss mitigation “waterfall” on June 1. Read on »

The House voted 396-13 to pass its amended version of the 21st Century ROAD to Housing Act on May 20. The ball is once again in the Senate’s court to determine what happens next with the bill, which has gained strong bipartisan support from lawmakers and within the financial services sector. Read on »

Just when the Consumer Financial Protection Bureau seemed to be finding something tantamount to stable footing, the agency’s future under the Trump administration is once again in question via challenges in the form of a federal court appeal and Congressional resolutions of disapproval. Read on »

Financial services trade organizations welcomed the House’s 224-200 vote in favor of advancing its version of the Farm, Food, and National Security Act of 2026 (H.R. 7567), also known as the “Farm Bill,” to the Senate. Read on »

Financial services advocates concerned by the risk of “deposit flight” resulting from the integration of digital currencies into the U.S. banking system have advocated for legislative action to address “loopholes” that could negatively impact the industry. Read on »

Two recent presidential Executive Orders direct federal regulators to expand the acceptance of automated valuation models, desktop appraisals, hybrid appraisals and artificial intelligence valuation tools. In an exclusive interview, Dodd Frank Update spoke with John Russell, of ValuSight Consulting, about what these orders mean for appraisers moving forward, as well as for lender liability and turn times. Read on »

When Congress enacted the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act in July 2010 amid the wreckage of the 2008 financial crisis, the financial services industry had no shortage of questions about the sweeping implications of the new law. Within a year, October Research, LLC, added a new publication to its portfolio with a mission to answer those questions and called it Dodd Frank Update. We have appreciated the positive feedback from the industry over the years affirming that our coverage in this space is among the most comprehensive available. Read on »

The financial services industry welcomed the introduction of four bills aimed at reforming the federal deposit insurance framework. One of the legislative proposals has strong bipartisan support. Read on »

The Senate voted 89-10 to pass the 21st Century ROAD to Housing Act on March 12. The bipartisan housing bill has received strong support from the financial services industry, although some trade advocates expressed concerns over revisions concerning limits on investments in single-family homes and a provision meant to curb appraisal bias. Read on »

Establishing a national framework for digital assets has proven to be a tall order. Thomas Grundy of Wolters Kluwer spoke with Dodd Frank Update about what is being done to address the fragmented set of state laws shaping this expanding portion of the financial ecosystem. Read on »