Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S

Neugebauer: Congress should have oversight over CFPB

/ Print / Reprints /
| Share More
/ Text Size+
The new Consumer Financial Protection Bureau, which will have policing power over mortgage disclosures through the Truth in Lending Act, is in the crosshairs of a Texas congressman who believes the agency lacks oversight. The CFPB, which is still seeking a director, is set to launch July 21, but Rep. Randy Neugebauer  (R-TX) has introduced H.R. 557, which if passed, would merge the CFPB into the Treasury Department. "Given the significant and perhaps over-regulating powers the CFPB has been given by the Obama administration, Congress must have a say on the appropriation of taxpayer money funding this agency’s operation," Neugebauer said. The CFPB is currently under the purview of the Federal Reserve Board. Neugebauer said moving the agency will allow Congress to examine the CFPB's actions and their effects on the overall market. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus