Category Archives: Banking & Finance

H.R.3978 – TRID Improvement Act of 2017

TheWeekInCongress.com (TM) Week ending February 16, 2018 H.R.3978 – TRID Improvement Act of 2017 Brief – HR 3978 amends the Real Estate Settlement Procedures Act to require the Consumer Financial Protection Bureau to allow for the calculation of the discounted rate title insurance companies may provide to consumers when they purchase a lenders and owners […]

H.R.3299 – Protecting Consumers’ Access to Credit Act of 2017

TheWeekInCongress.com (TM) Week ending February 16, 2018 H.R.3299 – Protecting Consumers’ Access to Credit Act of 2017 Brief – “H.R. 3299 would overturn a decision of the Second Circuit Court of appeals and permit nonbank financial institutions to charge interest rates that exceed certain state caps if a bank makes a valid loan and then […]

H.R.1153 – Mortgage Choice Act of 2017

TheWeekInCongress.com (TM) Week ending February 9, 2018 H.R.1153 – Mortgage Choice Act of 2017 Brief – H.R. 1153 would exclude insurance premiums held in escrow and fees paid to companies affiliated with the creditor from the costs that would be considered in determining whether a loan is a qualified mortgage or a high-cost mortgage. “Under […]

H.R.4792 – Small Business Access to Capital After a Natural Disaster Act

TheWeekInCongress.com (TM) Week ending February 2, 2018 H.R.4792 – Small Business Access to Capital After a Natural Disaster Act Brief – H.R. 4792t amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission’s Advocate for Small Business Capital Formation (Small Business Advocate) to identify any unique challenges to small businesses affected […]

H.R.4292 – Financial Institution Living Will Improvement Act of 2017

TheWeekInCongress.com (TM) Week ending February 2, 2018 H.R.4292 – Financial Institution Living Will Improvement Act of 2017 Brief – HR 4292 reforms the living will process under the Dodd-Frank Wall Street Reform and Consumer Protection Act and require bank holding companies to submit to the Board of Governors of the Federal Reserve System (Federal Reserve) […]

H.R.2255 – HOME Act

TheWeekInCongress.com (TM) Week ending February 2, 2018 H.R.2255 – HOME Act Brief – ‘H.R. 2255 would deem appraisal services donated to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable for purposes of that requirement.’ ‘Costs incurred by the Federal Deposit Insurance Corporation, the National Credit Union Administration, the […]

H.R.1457 – MOBILE Act of 2017

TheWeekInCongress.com (TM) Week ending February 2, 2018 H.R.1457 – MOBILE Act of 2017 Brief – Under HR 1457 bill authorizes a financial institution to record personal information from a scan, copy, or image of an individual’s driver’s license or personal identification card and store the information electronically when an individual initiates an online request to […]

H.R.1426 – Federal Savings Association Charter Flexibility Act of 2017

TheWeekInCongress.com (TM) Week ending February 2, 2018 H.R.1426 – Federal Savings Association Charter Flexibility Act of 2017 Brief – HR 1426 amends the Home Owners’ Loan Act to permit a federal savings association to elect to operate subject to supervision by the Comptroller of the Currency (OCC) with the same rights and duties of a […]

H.R.4279 – Expanding Investment Opportunities Act

TheWeekInCongress.com (TM) Week ending January 19, 2018 H.R.4279 – Expanding Investment Opportunities Act  Brief – HR 4279 directs the Securities and Exchange Commission to revise any rules necessary to enable closed-end companies to use the securities offering and proxy rules that are available to other issuers of securities. Not later than 1 year after the […]

H.R.3445 – AGOA and MCA Modernization Act

TheWeekInCongress.com (TM) Week ending January 19, 2018 H.R.3445 – AGOA and MCA Modernization Act Brief – “HR 3445 directs the President to establish a website for the collection and dissemination of information regarding the African Growth and Opportunity Act (AGOA). Also under the bill “The Department of State is urged to promote the use by […]