Homebuyers have paid £6.6bn in stamp duty in six months

By: ameer@trustedteam.com

  Stamp Taxes receipts for April 2025 to June 2025 were £4.6bn, which is £0.4bn higher than the same period last year. This is according to the latest stamp...

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With new ownership in place, WealthONE aims to become Canada’s next major alt-A bank

By: ameer@trustedteam.com

After a turbulent start and with the backing of a new ownership group WealthONE is looking to establish itself as the country’s next major challenger bank.

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Other News in Brief

By: ameer@trustedteam.com

Pawnshop settles MLA lawsuit; CFPB won’t reissue a medical debt collection AO; federal judge vacates medical debt rule; CFPB places a top staff member on leave; OCC will no...

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New California Law to Stall Legitimate Foreclosures

By: ameer@trustedteam.com

The new law addresses foreclosures on “zombie” second mortgages and creates new standards for subordinate mortgage servicers.

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Banking Examiners Simplify Adverse Action Requirements

By: ameer@trustedteam.com

Key differences exist between the Equal Credit Opportunity Act’s and the Fair Credit Reporting Act’s adverse action notice requirements.

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States Ramp Up CRA Efforts as Federal CRA Falls Back

By: ameer@trustedteam.com

New Jersey is the latest state to introduce legislation to establish its own version of the Community Reinvestment Act.

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Bank Regulators Issue New CRA Final Rule Proposal

By: ameer@trustedteam.com

The federal banking agencies believe returning to the 1995 CRA regulation is the “the most effective” way to provide certainty regarding CRA requirements.

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CFPB Withdraws Rule to Nix State Enforcement Notice

By: ameer@trustedteam.com

The final rule would have rescinded procedures that require a state official to notify the bureau when they take action to enforce the Consumer Financial Protection Act.

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Republicans in House Plan Major Rollback of DFA

By: ameer@trustedteam.com

House Republicans want to put a stop to the CFPB’s “regulation by enforcement” among other efforts aimed at scaling back the Dodd-Frank Act.

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House Republicans Introduce Slew of CFPB-Focused Bills

By: ameer@trustedteam.com

The bills seek to scale back activities at the CFPB, including proposals aimed at Section 1071 small business lending data collection.

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