July 4, 2017
Tuesday’s Regulatory & Legislative Roundup
- The Federal Reserve (FED) plans to overhaul its policies regarding bank lending and oversight. Leniency will no longer be given by the central bank. Inflation is at a solid place; however, critics believe the Federal Reserve is making “a’mistake’ by tightening.“
- The Federal Trade Commission warns potential home buyers. People are posing as real estate agents, realtors, and title insurance companies and are scamming buyers out of their closing costs. Hackers use email addresses to pose as the contact person in various closing process roles which tricks homebuyers into following through with their financial obligations to those individuals.