Tag Archives: CFPB

The Bureau also announced numerous executive changes in response to the Supreme Court’s decision in Seila Law.

The High Court said the Bureau can continue to operate under new rules, but it’s director “must be removable by the President.”

The CFPB reported on how borrowers feel about COVID-19-related forbearance plans. Click through to read more.

The Bureau issued two Notices of Proposed Rulemaking, proposing an amendment to the General QM definition to replace the DTI limit with a price-based approach, and an extension of the Patch until the first amendment takes effect.

The Department of Housing and Urban Development, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency launched a new website for mortgage and housing assistance. Click through for more information.

What does Richard Cordray say are some of the issues facing mortgage servicers during COVID-19?

According to the Bureau, the final rule will reduce regulatory burden on smaller institutions to help those institutions to focus on responding to consumers in need now and in the longer term.

The joint initiative by the Federal Housing Finance Agency and the Consumer Financial Protection Bureau allows the agency to share servicing information to protect homeowners during COVID-19. 

In a new white paper, the former Director of the Consumer Financial Protection Bureau outlined his proposal for preventing economic hardships.

The Bureau has announced that it will be engaging with Congress to advance proposed legislation that would authorize the Bureau to award anyone who report violations of Federal consumer financial law.