New York's attorney general ordered two unlicensed cryptocurrency lending platforms to cease operating in the state as authorities continue to clamp down on crypto firms over fraud concerns.
After a crackdown on Binance and other cryptocurrency firms, regulators are now turning attention to the world of decentralized finance.
Decentralized finance, or "DeFi," lets users take part in traditional financial activities like lending but with no middle men involved.
Regulators are concerned about DeFi services marketing themselves as decentralized when that may not be the case.
1. Mortgage rates may slide even more
2. Home prices and sales will rise
3. Housing counselors will be in demand
4. Millions of renters may be evicted
5. Homes will go to well-off buyers
6. Black households will fall further behind
7. Suburbs may grow at cities' expense
8. Ability-to-repay rule may be revised