To amend the Consumer Financial Protection Act of 2010 to extend the supervisory authority of the Bureau of Consumer Financial Protection to include assessing compliance with the Military Lending Act.
To impose requirements on the payment of compensation to professional persons employed in voluntary cases commenced under title III of the Puerto Rico Oversight Management and Economic Stability Act (commonly known as "PROMESA").
To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans.
A bill to amend the Higher Education Act of 1965 to require the disclosure of the annual percentage rates applicable to Federal student loans.
Just as the Trump administration appears focused on releasing a framework to overhaul the housing finance system, Senate Banking Committee Chairman Mike Crapo (R-Idaho) on Friday signaled Congress wants to reassert its role in the reform effort, National Mortgage News reported. The legislative outline released by Crapo is another stab by lawmakers to reform the government-sponsored enterprises following a string of failed attempts. Crapo's latest plan also shifts some attention away from whatever administrative overhaul the White House and acting Federal Housing Finance Agency Director Joseph Otting are readying without Congress. Otting has reportedly said the administration may unveil a plan in the coming weeks possibly to end the conservatorships of Fannie Mae and Freddie Mac. But Crapo's plan focuses on more comprehensive structural changes to the housing finance system, which require legislation. Crapo's framework suggests turning Fannie and Freddie into private guarantors while allowing for other private guarantors to compete with the mortgage giants, using Ginnie Mae to provide a government backstop.
