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Tag Archives: CFPB

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?

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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.”

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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 ...

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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.

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CFPB: Final Ruling on Home Mortgage Disclosure Act

The Consumer Financial Protection Bureau (CFPB) has issued a final ruling on its amendment to Regulation B of the Home Mortgage Disclosure Act, with the intention to assist with compliance with Regulation C. According to the CFPB’s report, the amendment ...

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