A couple of major proposals have emerged in the last month to reform the Consumer Financial Protection Bureau, and some recent incidents indicate that the industry may be ready for a change.
Read More »More Proposed CFPB Reforms Clear Subcommittee
What changes did a House Subcommittee bill propose to make to the Consumer Financial Protection Bureau?
Read More »CFPB Plans Further Servicing Rules Updates
What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?
Read More »Five Years In, a CFPB Progress Report
Nearly five years ago, Congress created the CFPB, and its sole purpose was to serve as recovery agent for the American people coming out of the financial crisis. But how effective has the Bureau been in doing its job?
Read More »Subcommittee: Arbitration Ban Raises Costs for Consumers
Subcommittee Chairman Randy Neugebauer tweeted, "My friends on the other side of the aisle asked a trial lawyer to come speak in favor of the CFPB's Arbitration Rule. I rest my case."
Read More »Congressman Calls for Regulatory Transparency from the CFPB
U.S. Rep. French Hill (R-Arkansas) said Monday that the Consumer Financial Protection Bureau (CFPB) needs to do a lot more to ensure the industry understand the new TRID-compliant ‘Know Before You Owe’ rules before they take effect.
Read More »Proposal Aims to Change CFPB’s Mission
Several bills aimed at rolling back Dodd-Frank or changing the CFPB have been gaining traction as of late. How does the latest proposal, H.R. 5211, aim to amend the mission of the Bureau?
Read More »TRID’s Mixed Reviews Six Months Later
Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?
Read More »The Week Ahead: Will CFPB’s Arbitration Rule Protect Consumers?
The CFPB's controversial rule proposal to ban arbitration clauses in business contracts has generated quite a buzz. This week, a House subcommittee will hold a hearing on whether the proposed rule is in the public interest and whether it will really protect consumers.
Read More »CFPB Proposes to Give Consumers Their Day in Court
The Consumer Financial Protection Bureau proposed a rule on Tuesday regarding businesses' use of arbitration clauses in contracts. What does the rule include?
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