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Tag Archives: Richard Cordray

District Judge Sides With President Trump on CFPB Director

A federal judge appointed by President Trump has delivered the administration a legal victory with a decision supporting the President’s choice for head of the Consumer Financial Protection Bureau. U.S. District Judge Timothy J. Kelly refused Wednesday to block President ...

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Legal Perspective: Untangling What Having Two Acting Directors of CFPB Means

This controversy of who will lead the CFPB in the interim of a new director being confirmed by the Senate will eventually be resolved, but given the novel legal issues it presents and the strong interests on both sides, it could take time to wind through the courts. And the fact that we are faced with this uncertainty has serious consequences, because any actions undertaken by an unauthorized Acting Director could be void.

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Cordray Announcement Stirs the Industry

CFPB Director Richard Cordray’s announcement of his resignation has caused a slew of reactions in the industry. What is his next move? And what does this mean for the future of housing?

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CFPB Outlines Protecting Consumer-shared Data

The CFPB seeks to ensure consumers can share their data to third party companies, such as “fintech” firms, banks, and other financial institutions, with the peace of mind that their data is valued and protected.

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CFPB Gets a Win in Ocwen Case

Ocwen Financial Corporation sued the Consumer Financial Protection Bureau in late April claiming Ocwen had failed borrowers in every stage of the mortgage servicing process. Though the two went back and forth about getting the ruling on the CFPB’s constitutionality expedited, ultimately the request was denied. Ocwen's bid to test the constitutionality of the CFPB has now been delayed.

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