News bites: Industry braces for new mortgage regulations

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said the agency has worked to prepare lenders for the new regulations, which begin in January, RegWatch reports. 

Republicans are stepping up their assault against the Environmental Protection Agency’s new clean water regulations, according to Fox News.

New financial sector regulations in the United States and abroad are clamping down on hedge funds, the Financial Times reports.

U.S. Safety regulators are probing an estimated 40,000 Hyundai Genesis cars for potential brake problems, according to Yahoo Finance.

Chamber of Commerce President Tom Donohue unveiled the business group’s strategy on unwanted regulations: “When all else fails, sue ’em,” RegWatch reports.

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