Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Items Tagged with 'Richard Cordray'


Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
July 21, 2014
"As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
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CFPB wants to make consumer complaints public

Complainers can opt-in to share stories about companies
July 16, 2014
The Consumer Financial Protection Bureau is proposing a new policy that would empower consumers to publicly voice their complaints about consumer financial products and services.
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Financial Services Committee can't get past CFPB debate

Waters: "We should not cut off the ability of the CFPB..."
June 10, 2014
Despite a lot of topics on the plate of the Financial Services Committee to debate, they could not seem to get away from the discussion of the Consumer Financial Protection Bureau. This being just one of the several topics discussed.
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CFPB going digital to help everyone understand everything

eRegulation updated to include Regulation E, Regulation Z
June 9, 2014
2014 brought on a wave of new regulation from the Consumer Financial Protection Bureau, but lenders are not empty handed. The CFPB continues to pump out online tools to help everyone understand everything.
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Obama announces plan to ease “crushing” student loan debt

What does it mean for housing?
June 9, 2014
In his remarks, and in his weekly radio address, President Obama spoke of the “crushing” debt that students face and how it impedes economic growth. The President said: “If somebody plays by the rules, they shouldn’t be punished for it.”
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CFPB pushes for eClosings

Fully electronic mortgages will help consumers, regulators say
April 23, 2014
Housing leaders and regulators met in Washington, D.C. on Wednesday to further open the door to the greater use of technology in the mortgage process.
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5 ways children hold the key to housing’s future

Why did the housing bust happen in the first place?
March 10, 2014
The market came to a screeching halt during the financial crisis, but it wouldn’t have had to if the market did one thing: emphasize education.
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From HW Magazine

Does the CFPB need to lighten up?

Maybe it's time for everyone to just go a little easier
March 1, 2014
The Consumer Financial Protection Bureau (CFPB) is becoming a light switch regulator, operating in two modes, either on or off. For last month’s cover story, I could argue that Director Richard Cordray’s behavior toward consumers was decidedly on, while his behavior to the trade press was decidedly off.
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One thing Freddie Mac forgot when assessing community lenders

The cost of compliance is a harsh reality
February 11, 2014
Freddie Mac says small banks are well positioned to succeed right now, but that seems to ignore a harsh reality — the cost of compliance.
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HMDA reporting could always get better

CFPB strives to realign and simplify lender reporting
February 7, 2014
Over the past 35 years, a surplus of new regulations has shaped a completely different housing market, making the Home Mortgage Disclosure Act outdated. As a result, the Consumer Financial Protection Bureau set out to realign HMDA to present day needs.
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