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Tag Archives: Consumer Financial Protection Bureau

Committed to Consumer Protection

Amidst a serious push by Republicans in Congress to restructure—or even dismantle the CFPB, Pennsylvania recently joins other states that have taken steps to double down on consumer finance laws to protect citizens from financial scams. Attorney General Josh Shapiro ...

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Under the Microscope – How Effective are QM Rules?

Nearly a decade after the housing crisis in 2008 and the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, the Consumer Financial Protection Bureau will soon be required by law to examine the Ability-to-Repay/Qualified Mortgage Rule and assess the rule’s effectiveness. With the housing market having bounced back since the crash, will some of the rule’s guidelines be amended? What could this mean for borrowers and mortgage professionals?

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CFPB vs. PHH: Two-Year Battle Coming to a Head

scales and gavel

The highly anticipated hearing for the Consumer Financial Protection Bureau (CFPB) and PHH Corporation took place Wednesday in front of the Court of Appeals for the District of Columbia Circuit. The Court of Appeals agreed to revisit their October decision ...

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MERSCORP To Offer LEI Registrations Later This Year

MERSCORP Holdings, Inc., announced this week it will support the Consumer Financial Protection Bureau’s updated Home Mortgage Disclosure Act requirements by facilitating legal entity identifier (LEI) registrations and renewals for users of MERS System and other industry participants.

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Review Finds Concerns Over CFPB’s Management

While the survey found that most respondents agreed that enthusiasm is high for the CFPB’s mission and that their supervisors respect and value individuals’ differences, more than a quarter of survey respondents had unfavorable views.

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Are There Changes Ahead at the CFPB?

A couple of major proposals have emerged in the last month to reform the Consumer Financial Protection Bureau, and some recent incidents indicate that the industry may be ready for a change.

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