May 2, 2017
Tuesday’s Regulatory & Legislative Roundup
- The federal government averted a government shut down through the creation of a new bill that has a high probability of being passed and signed into law. The proposal for housing aid consists of over 20 billion dollars. The funds are slated for Section 8 and rental based assistance. Congress also slated millions of dollars of funding for home purchasers.
- The Consumer Financial Protection Bureau (CFPB) set its sights on diversity and inclusiveness reform in the home mortgage industry. The Office of Minority and Women Inclusion (OMWI) of the CFPB, held in a roundtable discussion regarding current diversity practices and serving a diverse clientele.
