REFinBlog

Editor: David Reiss
Brooklyn Law School

August 17, 2018

Fintech and Mortgage Lending

By David Reiss

The Trump Administration released its fourth and final report on Nonbank Financials, Fintech, and Innovation in its A Financial System That Creates Economic Opportunity series. The report differs from the previous three as it does not throw the Consumer Financial … Continue reading

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August 17, 2018 in Treasury | Permalink | 1 Comment

April 5, 2018

Fight Over The Community Reinvestment Act

By David Reiss

Bloomberg BNA quoted me in Community Investment Revamp for Banks Likely To Spark Fight (behind a paywall). It opens, Community groups and banks agree that the Community Reinvestment Act needs an update, but with regulators beginning an ambitious overhaul of the … Continue reading

April 4, 2018

“Modernizing” the Community Reinvestment Act

By David Reiss

The Trump Administration has been signaling its intent to do a makeover of the Community Reinvestment Act of 1977 (CRA) for quite a while, describing it as a much needed update.  Last June, Treasury stated in its Banks and Credit … Continue reading

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April 4, 2018 in Treasury | Permalink | 1 Comment

February 16, 2018

Treasury’s Take on Housing Finance Reform

By David Reiss

The Department of the Treasury released its Strategic Plan for 2018-2022. One of its 17 Strategic Objectives is to promote housing finance reform: Support housing finance reform to resolve Government-Sponsored Enterprise (GSE) conservatorships and prevent taxpayer bailouts of public and … Continue reading

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February 16, 2018 in Treasury | Permalink | No Comments

October 31, 2017

Relegating Consumer Protection To The Shadows

By David Reiss

The Department of the Treasury released its report on Asset Management and Insurance, which follows on the heels of its report on the capital markets. The latest report calls for replacing the term “shadow banking” with “market based finance.” (63) The … Continue reading

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October 31, 2017 in Treasury | Permalink | No Comments

October 6, 2017

Treasury’s Overreach on Securitization Reform

By David Reiss

The Department of the Treasury released its report, A Financial System That Creates Economic Opportunities Capital Markets. I will leave it to others to dissect the broader implications of this important document and will just highlight what it has to … Continue reading

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October 6, 2017 in Treasury | Permalink | No Comments

June 16, 2017

Fox in The CRA Henhouse

By David Reiss

Law360 quoted me in Treasury’s Fair Lending Review Worries Advocates (behind a paywall). It reads, in part, President Donald Trump’s Treasury Department said Monday that revisiting a 1977 law aimed at boosting bank lending and branches in poor neighborhoods was a “high … Continue reading