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Comptroller of the Currency Joseph Otting

Regulators may end CRA credit for loans to wealthy: OCC’s Otting

ATLANTA — Loans to high-income earners living in lower-income neighborhoods may no longer get Community Reinvestment Act credit under a proposed revamp of...
OneWest Bank to cough up cash over racial bias allegations during Mnuchin’s reign | 2019-07-30

OneWest Bank to cough up cash over racial bias allegations during Mnuchin’s reign |...

OneWest Bank is finally able to put two-year-old allegations of housing discrimination to rest as the Department of Housing and Urban Development approved...
Steven Mnuchin

Mnuchin’s former bank agrees to $100M redlining settlement

The Department of Housing and Urban Development approved a $100 million settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest...
Mark Calabria, an adviser to Vice President Mike Pence.

In reversal, FHFA defends constitutionality of its leadership structure

WASHINGTON — The Federal Housing Finance Agency has reversed course and will now defend the constitutionality of its single-director structure.Similar to claims about...
Joseph Otting, comptroller of the U.S. currency

FHFA’s Otting gives Democratic leaders little detail on GSE plans

WASHINGTON — Acting Federal Housing Finance Director Joseph Otting said he welcomes congressional Democrats' “insight and perspective” on how to end the conservatorships...
Shares of Fannie, Freddie soar as Wall Street bets on GSE privatization | 2019-01-28

Shares of Fannie, Freddie soar as Wall Street bets on GSE privatization

There’s been lots of noise lately that the end of Fannie Mae and Freddie Mac’s conservatorship is looming, and the speculation is causing...

FHFA will not defend its constitutionality in court

The Federal Housing Finance Agency revealed it will no longer defend its own structure, calling itself unconstitutional. Back in July, the Court of Appeals for...
Elizabeth Warren wades into CRA overhaul with revamp plan of her own

Elizabeth Warren wades into CRA overhaul with revamp plan of her own

WASHINGTON — Sen. Elizabeth Warren, D-Mass., on Tuesday threw a new twist into efforts to reform the Community Reinvestment Act.Just as the federal...

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