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During a press conference Tuesday afternoon, White House budget director Mick Mulvaney ran down his plans for the CFPB amidst a tempestuous succession and legal challenge.
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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?
Read More »The Numbers Don’t Lie: Tracking Nationwide Mortgage Delinquency
Dig down into the latest delinquency stats on the national, state, county, and metro-level area…
Read More »Razor Thin Vote on CFPB Arbitration Rule Stirs Reaction
On Tuesday evening the Senate repealed the arbitration rule with by narrow 51-50 that required Vice President Mike Pence to cast the tie-breaking vote. Since that time, a flurry of reaction has come in …
Read More »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.”
Read More »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 ...
Read More »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.
Read More »Does Owning a Home Affect Financial Stability?
The Consumer Financial Protection Bureau recently conducted a study on financial stability, and homeownership played a pivotal role.
Read More »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 ...
Read More »United States District Court Dismisses CFPB Enforcement Claims Over Discovery Abuses
In a stunning decision under Federal Rules of Civil Procedure governing discovery, the United States District Court for the Northern District of Georgia dismissed enforcement claims filed by the Consumer Financial Protection Bureau.
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