Tag Archives: CFPB

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.

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.

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.

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.

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.

According to the latest regulatory agenda published semi-annually, the Bureau has a several upcoming initiatives that may come into fruition in the coming months and years.

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.

The Consumer Financial Protection Bureau has issued a letter of warning to mortgage lenders and brokers that they may be in violation of the Home Mortgage Disclosure Act.

Richard Cordray was not forthcoming with praise for the mortgage servicing industry during a speech on Tuesday, but instead spent most of his time highlighting work the CFPB has done to revive the mortgage industry.

Servicers, listen up: All provisions of the CFPB’s mortgage servicing final rule and interpretive rule will be published in the Federal Register on October 19th, most becoming effective 12 months after the date of publication.