The bank’s plan will work to address allegations of unauthorized loan modifications that may have led to borrower defaults.
Read More »Kraninger: “The Bureau Is Stronger at This Time”
CFPB Director, Kathy Kraninger answered some tough questions from ranking members and Chairwoman Maxine Waters at the House Committee Hearing on the Bureau’s Semi-Annual Report. Here’s what she had to say.
Read More »Maxine Waters Remains Critical of HUD
In an interview with John Harwood of CNBC, the Chairwoman of the House Financial Services Committee shared her insights on HUD and the current corporate philosophy of financial institutions. Here’s what she had to say.
Read More »Fannie Mae Responds to Hensarling Critiques
Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, said on Friday that the committee would be launching a full investigation into recent allegations in a Bloomberg report that high-ranking Fannie Mae employees were intentionally violating their government prohibition ...
Read More »House Bill Could Exclude Attorneys from FDCPA
The House Financial Services Committee recently advanced a bill, H.R. 5082, that could have major implications for the default servicing industry, and most especially the law firms that work within it. The bill amends the definition of “debt collectors” under ...
Read More »Powell Doubles Down on “Further Gradual” Interest Rate Hikes
On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some of the headwinds the U.S. economy faced in previous years ...
Read More »Kirsten Sutton Mork Named CFPB Chief of Staff
With Kirsten Sutton Mork recently named Chief of Staff, we take a look at what this may mean for the future of the Bureau.
Read More »Ginnie Mae’s Bright Future
The House Financial Services Committee grilled Ginnie Mae’s Michael Bright on the challenges and concerns that face the agency, from e-mortgages to natural disasters.
Read More »CHOICE Hearing Highlights Political Divide
The House Financial Services held its second hearing on the Financial CHOICE Act today, and what resulted was a deepening of party lines. Heated arguments between representatives on both sides of the aisle took place, with one Democrat even calling the bill the "Wrong Choice Act."
Read More »New Leaders Set to Take Over House Subcommittees
The Housing and Insurance Subcommittee and the Financial Institutions and Consumer Credit Subcommittee will feature new chairmen for the 115th Congress.
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