Tag Archives: Bureau of Consumer Financial Protection

What impact will a change of order in the Financial Services Committee have on the mortgage market?

During a keynote presentation, Randal Quarles, Vice Chairman for Supervision at the Federal Reserve Board, explained the proposed changes to the Fed’s stress test.

President Trump recently nominated Kathy Kraninger, an associate director at the Office of Management and Budget, to succeed Mick Mulvaney as Director of the Bureau of Consumer Financial Protection. With a week to let the news settle, how has the industry reacted to her nomination?

A years-long legal battle between the Bureau and PHH centered on accusations of illegal kickbacks. Read on to find out why the Bureau decided to drop the case, and what this means for the lender and servicer.