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- The Consumer Financial Protection Bureau has proposed a measure to roll back a post-crisis regulation that makes it possible for homebuyers with high debt compared to income to obtain a mortgage. The temporary measure, which expires at the beginning of 2021 and made the government responsible for $260 billion in mortgages last year, could be replaced with a tougher regulation as the Trump administration seeks to return Fannie Mae and Freddie Mac to private ownership.
- Treasury Secretary Steven Mnuchin said federal regulators will likely issue new cryptocurrency rules as they consider Facebook Inc.’s launch of its planned digital currency Libra. He indicated regulators (which could include the SEC and Commodity Futures Trading Commission) will “have a unified approach.”
- “City & State” looked at the matchups in every district in the state. It provides a look at how all 27 congressional races are shaping up across the state, as of early July.