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Tag Archives: Consumer Financial Protection Bureau

Is Change on the Horizon for the CFPB?

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.

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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.

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5 Years Later—A CFPB Progress Report

CFPB

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?

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TRID’s Mixed Reviews 6 Months Later

CFPB

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?

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Does This Advocacy Group Have the TRID Answer?

Moody's Investor's Service gave a seal of approval for the Structured Finance Industry Group's TRID compliance proposal, noting that it is adequate to address compliance risks that are likely to cause losses to residential mortgage-backed securitization (RMBS) trusts despite uncertainties.

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Get Ready, TRID Could Become Less of a Burden Soon

Recognizing the “operational challenges” the industry is experiencing with TRID, Cordray said in a letter that the Bureau is considering making some “adjustments” in the regulation text to provide greater certainty and clarity.

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