House lawmakers voted largely along party lines Friday to approve a bill that would require the SEC to more extensively assess how much their rules cost the financial industry.
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The Consumer Financial Protection Bureau is cracking down on real estate kickbacks, ordering Texas homebuilder Paul Taylor to surrender $118,194.20 in funds earned through unlawful referral fees.
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As servicing mortgages becomes less profitable, major U.S. banks such as Bank of America and Wells Fargo are scaling back by selling their mortgage servicing rights to smaller specialty companies.
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