News Category: AFR in the News
In the News: CONGRESSWOMAN WATERS AND SENATOR DURBIN INTRODUCE CLASS ACT TO GIVE STUDENTS CHEATED BY FOR-PROFIT COLLEGES THEIR DAY IN COURT
In the News: NOAA’s Move to End Climate Disaster Database Threatens to Drive Up Insurance Costs
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.
In the News: Mortgage Banking Update – May 1, 2025
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
In the News: Stablecoins’ step toward mainstream could shake up parts of US Treasury market (Reuters)
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.
In the News: US Treasury officials and analysts flag potential damage with stablecoins
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.