The United States Congress will have an abundance of newly proposed legislation to discuss when it returns from its August recess, including several proposed bills that could have a substantive impact on American retirement. Among the provisions that will need to be debated in either one or both chambers of Congress is the Secure Act, […]
The office of Congresswoman Maxine Waters (D-CA), chairwoman of the House Financial Services Committee, announced last week the development of new legislation specifically designed to mitigate the number of foreclosures associated with forward mortgage loans backed by the Federal Housing Administration (FHA). The proposed bill, called the FHA Foreclosure Prevention Act of 2019 aims to […]
The United States House of Representatives is contemplating the passage of a bill designed to roll back limitations placed on the Consumer Financial Protection Bureau (CFPB) during the tenure of acting director Mick Mulvaney, according to a report in The Hill.Mulvaney, who was replaced upon the confirmation of the Bureau’s current director Kathleen L. Kraninger […]
A new bill being proposed by Rep. Maxine Waters (D-CA) and discussed in a hearing of the House Financial Services Committee on Tuesday morning includes a proposed allocation of $100 million to address the needs of rural seniors to age in place. The “Housing is Infrastructure Act of 2019” aims to provide funding for the […]
The Ways and Means Committee in the United States House of Representatives unanimously passed a bill aimed at increasing the flexibility of 401K savings accounts, and improving access to the accounts for both small businesses and the workers employed by them. Described as potentially the, “most comprehensive changes to private retirement plans in more than […]
New Consumer Financial Protection Bureau (CFPB) Director Kathleen L. Kraninger testified Thursday morning before the House Financial Services Committee, answering pointed questions from Democratic and Republican politicians concerning the oversight of the agency. In a hearing titled “Putting Consumers First? A Semi-Annual Review of the Consumer Financial Protection Bureau,” Democratic members of Congress led by […]
At the end of the 20th day of the partial United States government shutdown, the Democratically-controlled House of Representatives passed a standalone spending bill to fund and reopen both the Department of Housing and Urban Development (HUD) and the Department of Transportation, along with a handful of other agencies. According to The Hill, the House […]
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