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Proposed VA appraisal law looks to even the playing field

Housing Wire

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. ” The post Proposed VA appraisal law looks to even the playing field appeared first on HousingWire.

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CFPB, DOJ warn AI advances are not an excuse to break laws

Housing Wire

In a joint statement , the Civil Rights Division of the DOJ, CFPB, FTC, and EEOC outlined a commitment to enforcement of existing laws and regulations despite a lack of regulatory oversight currently in place regarding emerging AI technologies. Private and public entities use these [emerging A.I.]

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.

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Ready or not, CRA modernization is at the door

Housing Wire

The Office of the Comptroller of the Currency , the Federal Deposit Insurance Corporation and the Federal Reserve , which together proposed the changes to the CRA, so far have not suggested that any changes be made to how the law is applied to merger and other applications related to acquisitions and expansions.

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Judge sides with trade groups, halts new CRA rules

Housing Wire

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

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How SECURE 2.0 could make saving for retirement easier

Housing Wire

retirement conversation often focused on the increasing challenges of maintaining a quality of living into older age, a law passed by Congress in 2022 could be a positive sign. With much of the U.S. A]s pensions become rarer and Social Security benefits lose purchasing power, SECURE 2.0 retirement. By 2033, that age will rise again to 75.

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U.S. House passes remote online notarization bill

Housing Wire

A total of 41 states to date have enacted laws enabling the use of remote online notarization. The House legislation complements those existing laws while also providing states the freedom to put in place their own RON standards. Additionally, the bill requires U.S. “The U.S.

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