The leading Republican said the budget proposal would make “Washington regulators accountable”
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The coming of new regulation never seems to end, and having an effective compliance management system has become an essential to running an effective organization in the industry.
In a speech Wednesday, the outspoken senator called on lawmakers to cap the size of the largest financial institutions and limit emergency lending by the Fed to troubled institutions.
Legislation that would bring more transparency and accountability to the CFPB passed the U.S. House of Representatives with very few opposing it.
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The final rule includes additional instructions for providing housing counselor information and features an online tool lenders can use.