Tag Archives: CFPB

Now that his bill proposing a measure of CFPB reform has passed the House Financial Services Committee, Rep. Andy Barr (R-Kentucky) wants to take it further.

A fiercely raging debate for the last five years is whether or not the added costs imposed on businesses that must comply with increased regulations justifies the benefits of those increased regulations.

It has been a tough week for both the CFPB and for the Dodd-Frank Act, continuing with the passing of two bills in the House Financial Services Committee on Wednesday.

Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country.

The trial in the case of PHH Corp. v. CFPB is set to begin Tuesday. This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.

Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, and even the CFPB has been affected.

Are consumer financial regulations put in place since the crisis helping or harming consumers? The Senate Banking Committee held a hearing on Tuesday to discuss.

When Cordray testified before the House Financial Services Committee three weeks ago, the mortgage industry was barely mentioned. Will it come up this week in the Senate Banking Committee?

For the first time since the CFPB began accepting consumer complaints nearly five years ago, mortgages did not top the list of complained-about financial products.

The controversial Bureau, now almost five years old, has handed out more than $5 billion in penalties.