The Trump administration’s recent decision to stop updating the National Oceanic and Atmospheric Administration’s Billion Dollar Weather and Climate Disasters database would threaten to drive up insurance costs for consumers already struggling to afford rising premiums, according to a letter signed by 40 environmental and consumer protection organizations sent to Derek Arndt, director of NOAA’s National Centers for Environmental Information today.
May 1 – Read the newsletter below for the latest Mortgage Banking and Consumer Finance industry news, written by Ballard Spahr attorneys. In this issue, we explore why lenders must remain vigilant in compliance efforts, examine the winding down of the VA’s VASP program, cover the reintroduced legislation to prohibit ‘trigger leads’ in the mortgage
As stablecoins take a step toward becoming mainstream, some segments of the U.S. Treasury market, notably securities with short-term maturities, could be vulnerable to volatility as they become more closely tied to the world of cryptocurrency… “If (stablecoin issuers) have to move those Treasuries quickly, or the market demands that, it could create some credit crunches there,” said Mark Hays, associate director for cryptocurrency and financial technology at Americans for Financial Reform.
The US Treasury market is staring down a new threat, and it’s not coming from Wall Street or foreign governments—it’s coming from stablecoins.
A recent survey from the Federal Reserve Board showing that 7% of U.S. homeowners are going without property insurance underscores a key part of a national housing affordability crisis.
