Tag Archives: Consumer Financial Protection Bureau

A month before her swearing-in, Senator-elect Elizabeth Warren (D-Massachusetts) is already making waves in Washington. The Huffington Post reports Warren has been selected to fill a soon-to-be-open seat on the Senate Banking Committee. The position is just the latest in a string of regulatory oversight roles for Warren, who has built a political career out of being "a tough cop on the beat for Wall Street."

Two federal agencies partnered up to let certain companies know their mortgage advertising tactics may be unlawful. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced letters were issued over potentially misleading advertisements that target veterans and older Americans.

The Consumer Financial Protection Bureau (CFPB) is granting more time to implement new mortgage disclosures required under the Dodd-Frank Act.

Raj Date, deputy director of the Consumer Financial Protection Bureau, is moving on from the agency at the end of January 2013, according to a report from The Wall Street Journal. A CFPB spokeswoman told WSJ Date plans to leave the bureau after the CFPB finalizes the slate of mortgage rules Congress mandated.

The National Association of Federal Credit Unions expressed opposition to the CFPB's proposed rule on mortgage application and settlement disclosures.

Now that Obama has won a second term, his administration is charged with leading phase two of the housing recovery.

After campaigning for more than a year, Consumer Financial Protection Bureau architect Elizabeth Warren claimed victory in the race to represent Massachusetts in the U.S. Senate.

The mortgage market may be the largest market for consumer finance, but the sector lacks a comprehensive national database, according to the Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB). This is why the federal agencies are coming together to create a national mortgage database.

According to the CFPB, an examination of financial institutions found "instances of significant non-compliance with" regulatory statutes.

As the market recovers, Berkery Noyes anticipates more volume in originations and greater need for alliances between mortgage and tech companies.