Sen. Deb Fischer once again filed legislation to alter the structure of the Consumer Finance Protection Bureau. Will it be successful this time?
Read More »Brown, Waters Join CFPB Fight
Two high ranking Democrats have thrown down the gauntlet to keep the Consumer Finance Protection Bureau an independent agency led by a single director.
Read More »Cordray Shares Expectations for New Administration
The Director of the Consumer Financial Protection Bureau said he has no plans to step down before his term is up in July 2018.
Read More »Citi Subsidiaries Draw Fines From CFPB
The CFPB dinged two Citi subsidiaries for using excessive paperwork and deceptive practices to hinder borrowers trying to save their homes.
Read More »Is the CFPB Director’s Future at Risk?
House Republicans claim the CFPB violated federal law, which may put Director Richard Cordray’s job in jeopardy.
Read More »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.
Read More »Will Court Ruling Bring Changes to the CFPB?
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.
Read More »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.
Read More »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.
Read More »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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