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Tag Archives: CFPB

Senate Banking Committee Dems Defend Cordray

Lawmakers on both sides of the aisle are pleading their respective cases as to why they believe CFPB Director Richard Cordray should stay or go as speculation persists that he will be replaced once President-elect Donald Trump takes office.

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Will Court Ruling Bring Changes to the CFPB?

gavel and scale

The Consumer Financial Protection Bureau has appealed the D.C. Circuit Court's ruling in the PHH case that its structure is unconstitutional and that the director can be removed without cause. One stakeholder examines the possible effects the decision could have on the industry.

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Updated Final CFPB Rules Increase Servicer Liability

Cast as “rule clarifications,” the CFPB's updated final mortgage servicer rules do contain a large number of new, additional requirements that are already being discussed and digested by the servicing industry. This select print feature originally appeared in the January 2017 issue of DS News.

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House Dems Write in Defense of Cordray

A group of Democrats from the U.S. House of Representatives have written a letter to President-elect Donald Trump asking him not to remove CFPB Director Richard Cordray before his term is up in mid-2018.

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CFPB Updates Congress on Mortgage Industry Rules

The Consumer Financial Protection Bureau recently reported on what it has done to assist the mortgage industry with the smooth implementation of three of its major initiatives: TRID, HMDA, and the August 2016 updates to its new mortgage servicing rules.

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CFPB Asks Appeals Court to Rehear PHH Case

The Consumer Financial Protection Bureau has filed an en banc petition with the U.S. Court of Appeals for the District of Columbia over the court’s ruling last month that the Bureau’s structure is “unconstitutional” in the PHH Corp. lawsuit.

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