REFinBlog

Editor: David Reiss
Brooklyn Law School

August 8, 2017

Tuesday’s Regulatory & Legislative Roundup

By Jamila Moore

  • Mayors across the country flocked to America’s Capitol to give Congress a message, “We need help.” Specifically, the group seems most displeased with health care and tax reform. Many believe the two groups should work more collaboratively and move away from the secret legislation of the Trump Administration.
  • Everyone is receiving a payout from Wells Fargo. This week, the Department of Veteran Affairs negotiated a settlement with the troubled bank regarding their interest rate veteran refinancing practices. The bank allegedly collected millions in unauthorized fees on these loans and will settle the issue with a $108 million settlement agreement.
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