The Consumer Financial Protection Bureau has nearly doubled the amount spent on online advertising just since last year. What are its motives? What questions does this raise?
Read More »Is Change on the Horizon for 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 »CFPB Plans Further Servicing Rules Updates
What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?
Read More »An Industry on Bated Breath for PHH v. CFPB
PHH Corporation’s appeal of the CFPB’s ruling may not only clarify the CFPB’s reach in interpreting statutes and doling out enforcement actions, but it also challenges the very structure of the bureau and its director. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.
Read More »House Committee Questions Motive Behind Arbitration Proposal
The House Financial Services Committee examined the Consumer Financial Protection Bureau's (CFPB's) recently proposed arbitration rule, questioning if the rule is in the "public interest and for the protection of consumers."
Read More »5 Years Later—A CFPB Progress Report
Nearly five years ago, Congress created the CFPB, and its sole purpose was to serve as recovery agent for the American people coming out of the financial crisis. But how effective has the Bureau been in doing its job?
Read More »Homebuyers Taking a Closer Look at Mortgage Disclosures
More borrowers are taking a closer look at their mortgage documents before it’s too late, and more agencies are helping these borrowers understand what they’re getting into, well before new federal guidelines go into effect this fall.
Read More »Congressman Calls for Regulatory Transparency from the CFPB
U.S. Rep. French Hill (R-Arkansas) said Monday that the Consumer Financial Protection Bureau (CFPB) needs to do a lot more to ensure the industry understand the new TRID-compliant ‘Know Before You Owe’ rules before they take effect.
Read More »TRID’s Mixed Reviews 6 Months Later
Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?
Read More »The Effect of the CFPB’s Arbitration Rule on Lenders
The CFPB's push to cut off lenders’ ability to include clauses prohibiting borrowers and bank account holders from filing or joining class action lawsuits in their contracts comes with a price.
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