Amidst a serious push by Republicans in Congress to restructure—or even dismantle the CFPB, Pennsylvania recently joins other states that have taken steps to double down on consumer finance laws to protect citizens from financial scams. Attorney General Josh Shapiro ...
Read More »Under the Microscope – How Effective are QM Rules?
Nearly a decade after the housing crisis in 2008 and the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, the Consumer Financial Protection Bureau will soon be required by law to examine the Ability-to-Repay/Qualified Mortgage Rule and assess the rule’s effectiveness. With the housing market having bounced back since the crash, will some of the rule’s guidelines be amended? What could this mean for borrowers and mortgage professionals?
Read More »CFPB vs. PHH: Two-Year Battle Coming to a Head
The highly anticipated hearing for the Consumer Financial Protection Bureau (CFPB) and PHH Corporation took place Wednesday in front of the Court of Appeals for the District of Columbia Circuit. The Court of Appeals agreed to revisit their October decision ...
Read More »MERSCORP To Offer LEI Registrations Later This Year
MERSCORP Holdings, Inc., announced this week it will support the Consumer Financial Protection Bureau’s updated Home Mortgage Disclosure Act requirements by facilitating legal entity identifier (LEI) registrations and renewals for users of MERS System and other industry participants.
Read More »CFPB: Servicers are Using Failed Technology
According to the CFPB, some mortgage servicers have violated the Bureau's new servicing rules by continuing to use failed technology that has harmed consumers.
Read More »Review Finds Concerns Over CFPB’s Management
While the survey found that most respondents agreed that enthusiasm is high for the CFPB’s mission and that their supervisors respect and value individuals’ differences, more than a quarter of survey respondents had unfavorable views.
Read More »CFPB Reform Bills Just Keep Coming
The latest in a long line of calls to overhaul the Consumer Finance Protection Bureau comes from Congressman Roger Williams (R-Texas).
Read More »Why Has the CFPB Amped Up Its Online Ad Spending?
The Consumer Financial Protection Bureau has nearly doubled its spending on advertising since last year.
Read More »Are There Changes Ahead at the CFPB?
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?
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