Richard Cordray, formerly the Director of the Consumer Financial Protection Bureau (CFPB), Tuesday night clinched the Democratic nomination for the governorship of Ohio. Campaigning on both his history at the CFPB and a promise to focus on economic matters affecting ...
Read More »Wolters Kluwer Releases HMDA Data
The release shows lending practices in the aggregate as well as by individual institutions, allowing viewers market insights that are ahead of the federal government’s aggregate data report.
Read More »Sen. Brown Calls for Mulvaney’s Resignation
Sen. Sherrod Brown, one of the Banking Committee’s top Democrats called for the CFPB Acting Director Mick Mulvaney’s resignation after hearing about comments Mulvaney delivered at a recent industry event.
Read More »Mulvaney: “The CFPB Never Existed”
Speaking at a recent industry event, Acting Consumer Financial Protection Bureau Director Mick Mulvaney told an assembled crowd of bankers that numerous changes were in store for the bureau. Among those changes: the bureau will no longer post consumer complaints ...
Read More »Lawmakers React to Wells Fargo Fine
Wells Fargo will pay CFPB and OCC a billion dollars in fines for overcharging car insurance and mortgage loan consumers. Here’s what lawmakers from both sides are saying.
Read More »Mulvaney: ‘The Bureau Is Not Designed to be Accountable’
During his testimony before the Financial Services Committee, Mick Mulvaney, CFPB’s Acting Director spoke on the bureau’s strategic priorities and a “New Approach” towards bringing more responsibility and accountability to the consumer watchdog.
Read More »The Policy Makers
Some of the industry’s greatest minds discuss the lessons they learned during the housing crisis, and how it’s shaping their stance on housing policy today. Editor’s Note: This story was originally featured in the April issue of DSNews, out now.
Read More »House Bill Could Exclude Attorneys from FDCPA
The House Financial Services Committee recently advanced a bill, H.R. 5082, that could have major implications for the default servicing industry, and most especially the law firms that work within it. The bill amends the definition of “debt collectors” under ...
Read More »CFPB Asked to Repeal Mortgage Servicing Amendments
A group of a half dozen trade associations recently sent a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau. The letter raises objections over 2016 amendments to the CFPB’s 2013 RESPA and TILA Mortgage Servicer Rule, ...
Read More »“No Further”: CFPB Plan Limits Bureau’s Mission
4:51 p.m. CST // On Monday afternoon, the Consumer Financial Protection Bureau officially released its strategic plan for fiscal years 2018 - 2022, confirming a shift away from enforcement that had been rumored by alleged internal memos earlier during the day. In ...
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