Items Tagged with 'Consumer Financial Protection Bureau'


Don't move on too quick, TRID isn't over yet

Not enough TRID at MBA Annual? Here’s what you need
Last year, TRID was everywhere. You couldn’t get away from the Consumer Financial Protection Bureau’s new Know Before You Owe rule. But while you likely have a better handle on TRID one year later, don’t forget that the news on TRID isn’t over. The Mortgage Bankers Association’s annual convention this year featured only one panel session on TRID, a significant change from all the hype surrounding it last year. Here's what you still need to know.
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More Wells Fargo fallout: Feds to look into sales practices at other Wall Street banks

CFPB, OCC, other agencies to conduct reviews of big banks
Federal regulators are preparing to conduct reviews of the nation’s biggest banks, aiming to root out any of the aggressive cross-selling practices that led to Wells Fargo being fined $185 million for more than 5,000 of the bank’s former employees opening more than 2 million fake accounts to get sales bonuses.
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Countdown starts now on CFPB’s final mortgage servicing rule implementation

You have one year
Nearly four months after the Consumer Financial Protection Bureau finished the final mortgage servicing rule, it has finally been published in the Federal Register. The long publishing timeline isn't necessarily a bad thing since it gave the industry extra time to adapt to and learn the final rule. Since it's officially published, your one-year countdown starts now.
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Monday Morning Cup of Coffee: What's the real impact of landmark CFPB-PHH ruling?

And will housing come up at the last presidential debate?
The mortgage business is still reeling in the wake of the landmark ruling from the United States Court of Appeals for the District of Columbia Circuit, which last week declared the Consumer Financial Protection Bureau's leadership structure unconstitutional and vacated a $103 million fine against PHH. So what's the real impact of the decision? Plus, will they actually discuss housing during the final presidential debate this week?
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Will PHH victory undermine CFPB authority in similar court battle?

This is the case no one is talking about...yet
PHH's victory against the Consumer Financial Protection Bureau’s leadership structure opens the door for another, lesser-known case of a small Texas bank. The case got put on hold until the PHH case was finalized since they had similar challenges. Now with the case finalized, will the bureau face more charges on its authority?
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"A good day for democracy" or a "reckless decision": Mortgage industry reacts to watershed PHH-CFPB ruling

Reaction from all sides to Court of Appeals decision
While it’s too early to know the full impact of the United States Court of Appeals for the District of Columbia Circuit’s decision to rule the structure of the Consumer Financial Protection Bureau unconstitutional and vacate a $103 million fine against mortgage lender PHH, opinions from all sides are pouring in on just what the court’s decision could mean for housing and for the financial services industry as a whole.
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PHH wins landmark victory: CFPB ruled unconstitutional

Mortgage lender triumphs over CFPB in fight over $103 million fine
What was once unthinkable actually happened, as the United States Court of Appeals for the District of Columbia Circuit handed an earth-shattering victory to PHH, declaring the Consumer Financial Protection Bureau’s leadership structure unconstitutional and vacating a $103 million fine against PHH.
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Nuns demand answers from Wells Fargo on fake accounts

Join calls for separation of CEO, chairman roles
Wells Fargo is already facing heat from the House of Representatives, the Senate, the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, various states and municipalities, and maybe even the Department of Justice for the fake account scandal surrounding the bank, and now the bank has more trouble.
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