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Tag Archives: CFPB

Supreme Court Case Could Shift Future of CFPB

The Supreme Court has agreed to hear a case that could have implications regarding the constitutionality of the Consumer Financial Protection Bureau. Last week the Supreme Court agreed to hear the case of Lucia v. Securities and Exchange Commission, which ...

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District Judge Sides With President Trump on CFPB Director

A federal judge appointed by President Trump has delivered the administration a legal victory with a decision supporting the President’s choice for head of the Consumer Financial Protection Bureau. U.S. District Judge Timothy J. Kelly refused Wednesday to block President ...

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CFPB’s Laurie Maggiano: Looking Back at an Industry Icon

Sad news broke this past weekend with the announcement that industry icon Laurie Maggiano had passed away unexpectedly. Maggiano was Servicing and Secondary Markets Program Manager at the Consumer Financial Protection Bureau (CFPB). Having served more than four years at ...

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New Year Brings New Homeowner Bill of Rights Requirements

Riddled throughout California’s Homeowner Bill of Rights are the words “repealed” effective “January 1, 2018”. If loan servicers assume that means the entire HOBR will be repealed and that all they have to worry about is complying with the CFPB loss mitigation rules—think again.

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Court Clears Path for Mulvaney at CFPB

With a Washington U.S. District Court denying Leandra English’s request for a restraining order, Mick Mulvaney cleared one obstacle along his path as Acting Director of the Consumer Financial Protection Bureau. However, legal avenues remain for English.

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Legal Perspective: Untangling What Having Two Acting Directors of CFPB Means

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.

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