Lending

Lending

ARTICLES

Consumer survey: Voters say CFPB should be run by a bipartisan commission

What would a commission would do for the bureau?
The highly contested leadership structure of the Consumer Financial Protection Bureau should be a bipartisan commission if it was up to voters to decide. The Consumer Bankers Association, the Independent Community Bankers of America, and the American Land Title Association teamed up to commission a poll of registered voters in key battleground states. Ever wonder what some consumers think of the CFPB?
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Fidelity National Financial acquires Hudson & Marshall

Acquisition will power new offering: ServiceLink Auction
ServiceLink, the provider of transaction services to the mortgage and finance industries, is getting into the auction business thanks to its parent company buying one of the country’s top auction companies. On Monday, Fidelity National Financial, the title insurance giant and parent company of ServiceLink, announced that it acquired Hudson & Marshall.
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Embrace Home Loans adds new branch in Washington D.C.

Team fluent in American Sign Language and Spanish
Embrace Home Loans announced it added a new branch in Washington D.C. in order to accommodate and connect with more buyers in the area. "Our goal is to not only cultivate relationships with local real estate agents and buyers, but also to serve the diverse cultural needs of D.C. and the surrounding communities," said Margie Hennessey, the new branch manager.
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Monday Morning Cup of Coffee: HUD budget shows cuts still run deep

Proposed budget puts increased responsibility on state and local governments
The draft of HUD’s proposed 2018 budget calls for “increased responsibility on state and local governments and calls for the private sector to do more to meet community needs.” The proposed budget also eliminates the Housing Trust Fund, a program financed by Fannie Mae and Freddie Mac profits. Also, where is the next emerging market for mortgage lending? Here's where, according to the CEO of Caliber Home Loans.
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CBO: Here's how much money Financial CHOICE will save the country

Most savings come from how the CFPB is funded
The results are in. The House Committee on Financial Services ordered the Congressional Budget Office, a nonpartisan analysis for the U.S. Congress, on May 4 to figure out the financial impact of the Republican-led Financial CHOICE Act, which is the leading option to replace Dodd-Frank. Turns out, the act could save the government billions of dollars.
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Rep. Barr reintroduces act to make CFPB spending accountable to Congress

First introduced March 2015
Rep. Andy Barr, R-Ky., reintroduced the Taking Account of Bureaucrats’ Spending Act on Friday in attempts to make the budget of the Consumer Financial Protection Bureau subject to congressional appropriations. As it stands, the CFPB is funded directly by the Federal Reserve, which the Trump administration supports changing.
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Paulina Gonzalez

Paulina Gonzalez

Paulina Gonzalez is the executive director of the California Reinvestment Coalition, which advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of over 300 nonprofit organizations and public agencies across the State. Follow her on Twitter @calreinvest