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Inside Washington (07/12/2012)
  • WASHINGTON (7/13/12)--House Republicans on Wednesday argued the potential negative impact of a pending rule--part of the Dodd-Frank Act--that would require proof of a borrower's ability to repay a mortgage loan (American Banker July 12). The most contentious part of rule is how regulators will define "qualified mortgages"--a special type of mortgage with fewer compliance requirements. The hearing before the House Financial Services financial institutions subcommittee was one of six planned by the Republicans to address the effects of the Dodd-Frank Act. July 21 marks the two-year anniversary of the Dodd-Frank Act being signed into law …
  • WASHINGTON (7/13/12)--The U.S. Small Business Administration has joined with the Department of Veterans Affairs and the Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs.  Operation Boots to Business: From Service to Startup is a national initiative that will be piloted with the U.S. Marine Corps. The program will pilot in four locations: Quantico, Va.; Cherry Point, N.C.; Camp Pendleton, Calif.; and Twenty-Nine Palms, Calif.  It will be expanded nationwide during fiscal year 2013 with the goal of providing entrepreneurial training and awareness to transition service members from all branches of the military …
  • WASHINGTON (7/13/12)--The Federal Reserve has released new supervisory guidance related to bank acquisition applications...


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