The White House has said that it intends to nominate OMB’s Associate Director, Kathy Kraninger to succeed Mulvaney but she’s likely to face a tough vote in the Senate. Here’s why.
Read More »CFPB vs. PHH—An Unexpected Conclusion
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.
Read More »‘Improving Transparency and Accountability at CFPB’
In April, CFPB Acting Director Mick Mulvaney had recommended steps to improve the “transparency and accountability” at CFPB. Here’s what the Financial Services Committee discussed at a hearing on Wednesday on these reforms.
Read More »Breaking Down Consumer Debt Collection Complaints
The Bureau of Consumer Financial Protection (formerly the Consumer Financial Protection Bureau) has released a new Complaint Snapshot, exploring consumer complaints regarding modern debt-collection practices. The Bureau has received approximately 400,500 debt collection complaints since July 2011, amounting to 27 ...
Read More »Mulvaney: CFPB to Enforce, ‘Not Become the Law’
Speaking at an industry conference this week, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau, outlined the bureau’s ongoing shift away from “regulation by enforcement” and toward more regulatory clarity. During a keynote speech at the 2018 REALTORS ...
Read More »CFPB’s Mulvaney Puts Focus on Cost-Benefit Analysis
CFPB Acting Director Mick Mulvaney’s tenure at the head of the regulatory organization has been defined by a reexamination of the Bureau’s priorities and purpose. That trend continued this week with the issuance of a new memo written by Mulvaney ...
Read More »The Industry Pulse: Updates on LRES, Black Knight, and More
From rewards and recognition to new appointments and initiatives, get the buzz on the industry's latest news in this weekly update.
Read More »Ex-CFPB Director Cordray Wins Ohio Democratic Governor Primary
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.
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