HW Vanguard Awards: Leadership has never been more important

HW Vanguard Awards: Leadership has never been more important

Recognizing executives leading the housing economy

loanDepot closes first $150M securitization of personal loans

Demand for new personal loans takes off

TRID is a real obstacle to mortgage process

Contrary to some reports

Barney Frank denies interest in chairing Consumer Financial Protection Bureau

/ Print / Reprints /
| Share More
/ Text Size+
A spokesperson for Rep. Barney Frank (D-Mass.) told HousingWire there was no truth to the rumors he might chair the upcoming Consumer Financial Protection Bureau. Under the Dodd-Frank Act, the newly formed CFPB will oversee seven regulators beginning July 21, 2011. President Obama appointed former Congressional Oversight Panel Chairman Elizabeth Warren as the overseer of the bureau. According to a survey by tax and advisory firm Grant Thornton, 73% of bankers said the CFPB would be the one provision under Dodd-Frank that would affect their business most. Rep. Spencer Bachus (R-Ala.) is in line to replace Frank as chair of the Housing Financial Services Committee after Tuesday's elections when the Republicans took back control of the House. Some analysts including predicted Frank would chair the CFPB. Write to Jon Prior.

Recent Articles by Jon Prior

Comments powered by Disqus