The Office of the Comptroller of the Currency (OCC) has appointed Peggy Sherry as Deputy Chief Financial Officer.
Read More »Government Seeks New Trial in BOA ‘Hustle’ Case
In May, an appellate court overturned a $1.27 billion penalty against Bank of America for Countrywide's "Hustle" verdict. But the government isn't letting the case go away just yet.
Read More »Will Trump’s Economic Advisers Help Housing?
Republican presidential nominee Donald Trump's list of economic advisers is laden with financial industry executives and real estate industry executives. If Trump is elected, will this group's work help to increase the U.S. homeownership rate?
Read More »CFPB to Expand on New Servicing Rules at Five Star Conference
The Consumer Financial Protection Bureau will provide an in-depth look at the updates to its mortgage servicing rules on September 12 as part of this year's Five Star Conference and Expo.
Read More »House Dems Urge Cordray to Pass Arbitration Clause Ban
Sixty-five House Democrats expressed strong support for the CFPB's proposed rule to prohibit the use of forced arbitration in consumer contracts in the form of a letter to CFPB Director Richard Cordray on Wednesday,
Read More »TRID 2.0? CFPB Proposes Updates to the Rule
The CFPB made good on the promise it made in the spring regarding a proposal to update the Know Before You Owe Mortgage Rule.
Read More »Fed’s Monetary Policy Song Remains the Same
While one economist noted that the tone of the FOMC's announcement was largely positive, the Committee also said they expect inflation to stay well below the target of 2 percent for the foreseeable future.
Read More »Political Discussions Around Homeownership Heat Up
The two major party presidential candidates have not said much about housing. Lawmakers and industry stakeholders are bringing the issue back to the forefront, however.
Read More »Agencies Propose Changes for Determining TILA Exemption
Three government agencies have jointly issued a proposal detailing the methodology that will be used to determine the thresholds at which certain small loans will be exempt from TILA.
Read More »Obama, Warren Assess Progress of Wall Street Reform
President Obama met with Sen. Elizabeth Warren, the primary architect of the Consumer Financial Protection Bureau and a champion of Wall Street reform, over the weekend to talk about how far the American financial system has come since the crisis.
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