Over the weekend, Cincinnati.com reported that SoMoLend, a crowdfunding site that distributes
loans to local
small businesses, was under investigation by Ohio's Division of Securities — i.e. the state's commerce
regulators.
The ever entertaining and thought provoking NREP (National Real Estate Post), formerly known as TBWS (Think Big Work
Small) challenges our national leadership and
loan regulators to promote home ownership by easing qualification regulations.
The Bureau received over 2,800 comments on the TILA - RESPA proposal during the comment period from, among others, consumer advocacy groups; national, State, and regional industry trade associations; banks; community banks; credit unions; financial companies; mortgage brokers; title insurance underwriters; title insurance agents and companies; settlement agents; escrow agents; law firms; document software companies;
loan origination software companies; appraisal management companies; appraisers; State housing finance authorities, counseling associations, and intermediaries; State attorneys general; associations of State financial services
regulators; State bar associations; government sponsored enterprises (GSEs); a member of the U.S. Congress; the Committee on
Small Business of the U.S. House of Representatives; Federal agencies, including the staff of the Bureau of Consumer Protection, the Bureau of Economics, and the Office of Policy Planning of the Federal Trade Commission (FTC staff), and the Office of Advocacy of the
Small Business Administration (SBA); and individual consumers and academics.