WASHINGTON—A battle is intensifying over the future of Richard Cordray, the head of the Consumer Financial Protection Bureau, as Republicans search for any past transgressions that would allow President-elect Donald Trump to fire him. Mr. Cordray, a former Ohio attorney general, is admired by consumer groups and disliked by many GOP lawmakers and financial-industry players …
WASHINGTON—Idaho Republican Sen. Mike Crapo is a rare dealmaker who has negotiated across the Capitol’s partisan divide. Texas GOP Rep. Jeb Hensarling’s record has been defined more by trying to cut government than cutting deals with Democrats. The fate and shape of the sweeping financial deregulation promised by President-electDonald Trump—and eagerly anticipated by investors pushing up bank stocks—hangs on …
What does a Trump presidency mean for note and real estate investors and lenders? The transition team says that he “will be working to dismantle the Dodd-Frank Act.” One of the leading critics of Dodd-Frank, Congressman Jeb Hensarling, is a key advisor. Trump has also tapped long time Dodd-Frank opponent Paul Atkins to advise him on financial regulation. And his nominee for …
The political independence of the Consumer Financial Protection Bureau may end not with a bang — after a protracted battle in Congress — but with a whimper, the victim of a bureaucratic rule that prevents the agency from appealing a pending court case to the Supreme Court. The D.C. Circuit ruled in October that the …
CFPB On Collision Course with Trump’s Justice Department Read More »
While short on details, Trump has promised less financial regulation in order to promote economic growth. Indeed, the President-elect’s transition website states that the incoming administration will have a plan to “dismantle the Dodd-Frank Act.” In addition to Mnuchin, Vice President-elect Mike Pence, and certain House Republicans who have been critics of the CFPB, will …
What’s The Future For The CFPB? Looks Like Politics As Usual Read More »
Have you ever thought about investing in a rock-and-roll fantasy camp, dressage horses or an office building in Shanghai? Well, some investors are doing these things and saving on taxes at the same time. These intrepid souls are venturing far off the trodden path through self-directed IRAs. Of the $7.6 trillion that Americans have invested …
Self-Directed IRAs Can Invest In Almost Anything From Notes To Goats Read More »
The number of equity-rich homeowners continues to grow, shows one study. Homeowners holding at least 50 percent of equity in their homes rose by 2.6 million compared to a year ago, according to new data from ATTOM Data Solutions in the third quarter. By the end of the third quarter, according to the study, there …
The 5 States With The Most Potential Seller Notes Read More »
President-elect Donald Trump owns a helicopter in Scotland. To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B helicopter, emblazoned with a red …
Advertising and publishing veteran Janelle Regotti was looking for a business to buy. The right opportunity presented itself in 2014 when she found Guide Publishing, a company that distributed a quarterly resource guide for Northeast Ohio seniors. The only catch: Regotti didn’t have the $500,000 asking price. With few physical assets to borrow against, she …
Buying a Business Through Seller Installment Sales Read More »
Whether you invest in land, buy land notes and/or lend money against land, determining the value of the land is both difficult — and critical. This article by Seth Williams gives an overview of many of the principles involved in making that determination. One of the biggest obstacles every land investor has to wrestle with is how to find …
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