Cryptocurrency

Consumer groups urge FHFA not to mix crypto with mortgages

Consumer groups urge FHFA not to mix crypto with mortgages

Andrew Harrer/Bloomberg Two consumer groups are urging Federal Housing Finance Agency Director William J. Pulte to abandon his directive that Fannie Mae and Freddie Mac explore counting cryptocurrency holdings as reserves in single-family mortgage underwriting. In a letter sent Thursday, the Consumer Federation of America and the National Consumer Law Center said the move, which […]

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Trump changes tone on debanking, lays more blame on banks

Trump changes tone on debanking, lays more blame on banks

WASHINGTON — The Trump administration upped its rhetoric on debanking again on Tuesday, this time targeting banks themselves rather than their regulators. President Donald Trump once again took aim at two of the country’s largest banks, JPMorgan Chase and Bank of America, and their chief executives, for what he framed without evidence as discrimination against

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Tech Pulse: ICE posts strong earnings; bill pushes unconverted crypto in mortgage

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: ICE posts $851M profit in Q2 2025, raises revenue guidance Intercontinental Exchange reported $851 million in net income for the second quarter and a return to profitability in

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Senate bill would add unconverted crypto to mortgage underwriting equation

A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing

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Tech Pulse: Lawmakers press FHFA on crypto for mortgages

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Senate Democrats press FHFA on crypto use in mortgages Five Senate Democrats are urging caution as the Federal Housing Finance Agency considers allowing unconverted cryptocurrency in mortgage underwriting.

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Senate Democrats press FHFA on crypto use in mortgages

Five Senate Democrats are raising concerns about the potential risks of using unconverted cryptocurrency assets in mortgage underwriting, urging the Federal Housing Finance Agency (FHFA) to tread carefully. In a letter addressed to FHFA Director Bill Pulte, the senators reacted to his social media post from late June, in which Pulte said the agency is

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Figure to recombine lending arm and marketplace into one entity

The founder of Figure is moving to recombine the company he split into two parts just a year ago Mike Cagney, the head of the fintech firm, announced via LinkedIn that Figure, the firm’s lending arm, and Figure Markets, a blockchain-powered financial marketplace, will become one entity again. “I split the company in two last

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BNY beats estimates, stays mum on merger rumors

UPDATE: This article now includes details from BNY’s earnings call and comments from CEO Robin Vince. The Bank of New York Mellon had plenty of updates to provide about its estimate-beating second quarter, but there was one topic on which the bank’s executives kept quiet. In recent weeks, reports have circulated that BNY has held

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House Democrats push back on crypto legislation with ‘anti-corruption’ efforts

Congresswoman Maxine Waters (D-Calif.) and Congressman Stephen Lynch (D-Mass.), announced on Friday that next week will be known as “Anti-Crypto Corruption Week.” During this time, they plan to rally Democrats to push back against Republican efforts to fast-track three pieces of legislation related to cryptocurrency — the “Clarity Act,” the “GENIUS Act” and a bill

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Trade groups applaud Jonathan Gould’s confirmation to OCC

On Thursday, the U.S. Senate confirmed Jonathan Gould as head of the Office of the Comptroller of the Currency (OCC) in a 50-45 vote. The confirmation marks another Trump administration appointee who supports more lenient oversight of the banking sector and a more welcoming stance toward cryptocurrency. Gould previously held roles at the OCC during

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