The Consumer Financial Protection Bureau has filed an en banc petition with the U.S. Court of Appeals for the District of Columbia over the court’s ruling last month that the Bureau’s structure is “unconstitutional” in the PHH Corp. lawsuit.
Read More »Is the Future of CFPB’s Arbitration Proposal in Doubt?
Some of the reforms in the financial services industry that President-elect Donald Trump has vowed to enact may take some time. There are others he might be able to accomplish more quickly.
Read More »CFPB Flags Lenders for Possible HMDA Violations
The Bureau has issued a letter of warning to 44 mortgage lenders and brokers, telling them that they may not be in compliance with the Home Mortgage Disclosure Act.
Read More »CFPB Acknowledges Exploding Popularity of FinTechs
The Bureau's first-ever Project Catalyst report highlighted developments that could potentially benefit consumers, including improved mortgage servicing platforms and expanding responsible access to credit.
Read More »Servicers, Get Ready for CFPB’s Updated Rules
Two CFPB officials presented an overview of policy and programs that impact the mortgage industry based on these rules at the Five Star Conference and Expo in Dallas in September. Now, the rules are officially published in the Federal Register.
Read More »It’s Business as Usual at CFPB . . .Or Is It?
Colgate Selden, former Senior Counsel in the CFPB Office of Regulations, spoke with MReport about the possible effect the PHH Corp. v. CFPB decision will have on the Bureau's daily operations.
Read More »Appeals Court to CFPB: Structure is ‘Unconstitutional’
The U.S. Court of Appeals for the District of Columbia on Tuesday ordered a restructuring of how the Consumer Financial Protection Bureau (CFPB) operates within the executive branch.
Read More »Now that TRID is One Year Old . . .
TRID passed its one-year anniversary on October 3. Michael Cremata, Senior Counsel and Director of Compliance with ClosingCorp, discussed with MReport what aspects of the rule have worked well and what aspects haven't.
Read More »CFPB Surpasses 1 Million Complaints Handled
The Bureau handled its 1 millionth complaint in September after opening its doors slightly more than five years ago. Where do mortgage products rank on the CFPB's complaint list?
Read More »CFPB Provides Closer Look at Updated Servicing Rules
Representatives from the Consumer Financial Protection Bureau briefed attendees of the Five Star Conference and Expo on the recent updates to the Bureau's updated mortgage servicing rules.
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