The House Financial Services Committee voted along party lines to approve a resolution to greatly reduce funding for the Consumer Financial Protection Bureau and to no longer allow the bureau to roll over unspent funds in its civil penalty fund from year-to-year.
Legislation aimed at banning the use of trigger leads in the real estate marketplace was reintroduced in the House and Senate. The bills are the latest in a series of bipartisan attempts to do so over the past half decade.
In a letter to U.S. Housing and Urban Development Department Secretary Scott Turner, U.S. Rep. Maxine Waters (D-CA), ranking member of the House Financial Services Committee, and 122 Democratic representatives shared concerns over staff and funding cuts at the department led by the Department of Government Efficiency.
Waters also asked the chairman of the House Financial Services Committee to “immediately” schedule a hearing with Turner about the cuts.
Four U.S. House representatives have relaunched the Bipartisan Congressional Real Estate Caucus for the 119th Congress. Several industry groups applauded the move.
A group of New York state legislators introduced a bill that would protect federal fair housing rules by adding housing discrimination enforcement provisions into state law. It would incorporate the “disparate impact” standard into state law.
After the “Homebuyer Privacy Protection Act” was removed from the 2025 U.S. budget plan, many thought the measure limiting the use of trigger leads was not going to proceed. However, the Senate approved the bipartisan bill, and it now heads to the House.
Many industry groups applauded the action.
The Neighborhood Homes Investment Act, introduced in March, celebrated an increase in the number of cosponsors, including Sen. Tim Scott (R-N.C.), the ranking member of the Senate Committee on Banking, Housing, and Urban Affairs.
If passed, the legislation would promote programs and actions to revitalize distressed urban, suburban, and rural neighborhoods in hopes to increase the number of affordable, move-in ready homes.
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