A $90 billion premium comes out of the equity that we all pay. Higher fees make it harder for renters to become homeowners. They erode the price a seller can expect to receive for their home. This is a bill that falls disproportionately on LMI and minority families, one the reinforces the growing racial and income wealth gaps.
Today the U.S. Department of Treasury released a roadmap for regulating financial technology, defining this administration’s policy approach towards the rapidly growing industry.