Lawyer and published author, Rubin is currently taking time off to focus on writing. Formerly Senior Counsel and Chief Advisor, Regulatory Policy, on the staff of the House Financial Services Committee; Partner at Hunton & Williams; Enforcement Attorney at the Consumer Financial Protection Bureau; Senior Special Counsel at the US Securities and Exchange Commission; Managing Director at investment bank; and criminal prosecutor.
On April 5, 2017, Richard Cordray, the director of the Consumer Financial Protection Bureau, gave his semiannual testimony before the House Financial Services Committee. Chairman Jeb Hensarling spent only minutes grilling the former Jeopardy! champion about CFPB stonewalling employees. But there's more to the story, and this is just the start.
Our hugely popular blogpost titled: "Former CFPB attorney pretty much just confirmed the worst fears of the mortgage industry," hit a nerve with many in the mortgage industry. Now the author of the original piece adds his thoughts to our thoughts. Read more on the ongoing discussion right here.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.