November 7, 2017
Tuesday’s Regulatory & Legislative Roundup
- Though the Trump Administration is aiming to dethrone Consumer Financial Protection Bureau’s leader, Richard Cordray. Cordray recently was found not guilty for his alleged Hatch Act violation. As a result, the Trump administration will have to determine another way to eject Cordray from office. Furthermore, the Office of Special Counsel found no evidence to convict Cordray of a violation.
- The Republican’s Tax Reform plan will not pass without a fight. Tax cuts and the Jobs Act will reek havoc on the mortgage industry by decreasing mortgage interest deductions and reducing the time-frames in which a homeowner may claim a capital gains exemption. According to critics, the impact will affect California more than any other state.
