A clash among FDIC board members has intensified a debate about whether regulators should take a tougher look at large M&A deals. House Financial Services Chair Maxine Waters added to the frenzy by calling for a moratorium on approving big acquisitions.
Now that the Department of Housing and Urban Development clarified that participating in these programs does not create a fair lending violation, lenders and fair housing advocates wonder whether more mortgage lenders will actually participate.
Housing equity groups, nonprofit lenders and developers argue that financial institutions should play a larger role in addressing affordable housing needs.
Greenlining Institute calls for more regulation of fintech and nonbank home lenders bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.