Trump Orders Banks to Take Closer Look at Clients’ Citizenship
The order directs bank regulators and government departments to look for signs that people without legal status are opening accounts or obtaining loans or credit cards.
Can Trump Make Housing Great Again?
Wouldn’t it be better to see our mad emperor channel some of his maniacal energy into the idea of tackling an increasingly dire housing crisis?
What Happens to Trump’s Tariffs Now That a Court Has Knocked Them Down?
A federal court blocked the president’s audacious plan to impose massive taxes on imports, but it may not be the end of the story.
Here Comes Trump to Further Wreck Boston’s Lab Real Estate Market
The battered life sciences sector is already sitting on enough empty lab space to fill 16 Prudential towers. Now, the Trump administration’s plans to cut billions in research grants will make the sector even worse.
Nearly 90 Percent of CFPB Cut as Trump Tries to Eliminate Agency
President Donald Trump is drastically shrinking the workforce and mission of the Consumer Financial Protection Bureau, eviscerating an agency created after the Great Recession with the goal of protecting Americans from fraud, abuse and deceptive practices.
Trump Says Fed Chair’s ‘Termination Cannot Come Fast Enough’
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday after Powell signaled that the Fed will keep its key interest rate unchanged while it seeks “greater clarity” on the impact of Trump’s policies.
Trump’s ‘Liberation Day’ Unlikely to Free Biz from Tariff Uncertainty, Experts Say
Questions will still swirl around trade and tariffs for months to come, economists say. And more tariffs are in the pipeline and could target specific industries like lumber.
AIM Concerned About Additional Tariffs
With the potential for more tariffs to be announced on Wednesday, business leaders in Massachusetts are growing concerned about how it will affect local business.
Healey Warns Researchers Leaving Mass., Students May Stay Away
Massachusetts’ top politician says Trump administration research cuts and attempts to deport foreign students over their political views could deal serious blows to two of the state’s biggest industries.
NAHB: Higher Lumber Prices Still Likely Despite Trump’s Tariff Delays
President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
Trump’s 25 Percent Tariffs on Mexico, Canada Take Effect
President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.
Trump Pledges Canada, Mexico Tariffs Will Start Tuesday
For the Massachusetts real estate and housing industries, tariffs could potentially hit in two ways: higher materials costs and higher mortgage rates, driven by rising bond yields and inflation fears.
Trump Seeks Greater Control of Fed with New Order
President Donald Trump is moving to give the White House direct control of independent federal corporate regulators.
Trump Orders US to Ditch Penny After Decades of Complaints
Advocates for ditching the penny cite its high production cost – currently almost 4 cents per penny, according to the U.S. Mint – and limited utility.
New CFPB Head Moves to Shut Down Agency Without Congressional OK
A Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
What Does Halt to CFPB Work Mean for Mass. Banks?
The future of the nation’s top consumer financial regulator is in doubt, and that’s opening questions about the impact on local banks.
Trump Funding Memo Causes Chaos and Worry in Mass. Housing Industry
Local low-income housing providers are left wondering if they will be able to make upcoming payments as early as next month, and numerous down payment assistance programs could also be impacted.
Trump’s Second-Term Agenda Clouds the Outlook for Mortgage Rates
The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates, but his policies could do the opposite, some analysts say.
Wall Street Already Picking CRE Winners and Losers Under Trump
Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy.
Trump Has Sweeping Plans. Here’s What He’s Proposed for Business
The president-elect outlined a wide-ranging agenda on the campaign trail that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade.
