Tag Archives: CFPB

Between attempts made by lawmakers to reform the Bureau to the PHH trial, the CFPB is probably glad to see April in the rear view mirror.

The CFPB has proposed a ban on the use of arbitration clauses that prevent consumers from bringing class action suits against businesses. A coalition of more than 160 groups, including AFL-CIO and NAACP, wants the Bureau to take the rule even further, however.

CFPB Director Richard Cordray acknowledged that the Bureau's TRID rule has been a source of consternation for the mortgage industry—and he suggested that some changes may be on the way.

In an industry that is so male and white-focused, women and minorities are often passed over for well-deserved positions and promotions, but this idea is being reshaped and redefined right before our eyes.

Consumers ran into three major problems with the way their loan is being serviced, according to the CFPB's latest monthly consumer complaint snapshot.

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.