This controversy of who will lead the CFPB in the interim of a new director being confirmed by the Senate will eventually be resolved, but given the novel legal issues it presents and the strong interests on both sides, it could take time to wind through the courts. And the fact that we are faced with this uncertainty has serious consequences, because any actions undertaken by an unauthorized Acting Director could be void.
Read More »Protecting Mortgage Consumers from Watchful Eyes
The Consumer Financial Protection Bureau was recently asked to examine the data included with its Home Mortgage Disclosure Act reporting. Learn why.
Read More »Mulvaney Implements 30-Day Hiring & Reg Freeze Amidst Controversy
During a press conference Tuesday afternoon, White House budget director Mick Mulvaney ran down his plans for the CFPB amidst a tempestuous succession and legal challenge.
Read More »Cordray Announcement Stirs the Industry
CFPB Director Richard Cordray’s announcement of his resignation has caused a slew of reactions in the industry. What is his next move? And what does this mean for the future of housing?
Read More »The Numbers Don’t Lie: Tracking Nationwide Mortgage Delinquency
Dig down into the latest delinquency stats on the national, state, county, and metro-level area…
Read More »Razor Thin Vote on CFPB Arbitration Rule Stirs Reaction
On Tuesday evening the Senate repealed the arbitration rule with by narrow 51-50 that required Vice President Mike Pence to cast the tie-breaking vote. Since that time, a flurry of reaction has come in …
Read More »Treasury Disputes Arbitration Rule’s Costs, Benefits
The U.S. Treasury released an 18-page analysis Monday disputing the CFPB’s arbitration rule, claiming the Bureau failed to evaluate if the arbitration clauses would protect consumer and public interest, which the report cites are the Bureau’s “two statutory mandates.”
Read More »CFPB Updates Mortgage Servicing Rules
On Wednesday, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule in an effort to amending mortgage-servicing communication policies issued in 2016. The interim final rule gives servicers a longer, 10-day window to provide ...
Read More »U.S. Chamber of Commerce and Lobbying Groups File Suit against CFPB
The Consumer Financial Protection Bureau’s (CFPB) arbitration rule is coming under fire yet again. filed a complaint with a Dallas Federal Court against the CFPB Friday on the hotly-debated arbitration clause that was recently passed. The suit has been spearheaded by the U.S. Chamber of Commerce.
Read More »Does Owning a Home Affect Financial Stability?
The Consumer Financial Protection Bureau recently conducted a study on financial stability, and homeownership played a pivotal role.
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