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Government Affairs

July 15, 2014

The Pew Research Center’s June 12th, 2014 report Overdrawn: Consumer Experience with Overdraft found that 80 percent of consumers who had overdraft felt that the government should provide better regulations and oversight on the process

December 13, 2008

President-elect Barack Obama nominated Shaun Donovan to lead the Department of Housing and Urban Development.  Obama named the appointment during Saturday's Democratic Radio Address.

November 14, 2008

Today is the last day to submit a comment to HUD about the nature of manufactured homes that qualify for insurance under FHA Title I and Title II programs.

November 12, 2008

Who should be the new leader of the Department of Housing and Urban Development?  Will it be someone chosen because of their close ties to housing?  Will it be a political friend of the new President?  Will it be a person with some wherewithall in the field of manufactured housing?

November 7, 2008

One of Western North Carolina's leading providers of housing counseling may see its federal HUD funding cut, on technical grounds.

October 31, 2008

The North Carolina Division of Community Assistance held a meeting yesterday in Greensboro to help cities, counties, and non-profits with their NSP applications.  The NSP is a federal program, administered through HUD, that enjoins these groups to fight the foreclosure crisis in their communities.  HUD has allocated $3.92 billion

October 22, 2008

Although a lot of pundits and critics (Neil Cavuto, Charles Krauthammer) have attempted to blame the housing finance crisis on the Community Reinvestment Act, reality keeps getting in the way.

October 16, 2008

A lot of people are trying to find a solution for our financial crisis.  It might be several crises by now, actually, as we are seeing problems in derivatives, in insurance, and bond markets, as well as in mortgages.

September 24, 2008

Today it looks like Secretary Paulson will relent.  An early report says that he is going to concede on the issue of CEO pay.  In the arrangement, financial institutions that seek the federal government to purchase their distressed assets must agree to an as yet undetermined set of restrictions on the pay of their CEO and their boards.

September 23, 2008

The Troubled Assets Relief Program (TARP), as the bailout bill is formally known, is a threat to the order of our constitution.  Consider this one sentence:

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency...”