Items Tagged with 'Waters'


  • House committee grills CFPB director on TRID, HMDA and more

    Republicans roast, Democrats toast Cordray in partisan hearing
    The bulk of the hearing was dominated by paeans from Democrats and attacks from Republicans, and most of the questions were the usual speeches-written-as-questions. But it did touch on the impending implementation of the TILA/RESPA Integrated Disclosure rule.
    Read More
  • Leading Democrats don’t want proposed FHA insurance change

    Gives a free pass to big banks that engaged in criminal behavior, they warn
    Leading Democrats on the Senate Banking and House Financial Services Committees today urged the Obama Administration to reconsider a proposal that would make it easier for lenders that have engaged in criminal behavior to keep accessing taxpayer-backed mortgage insurance. They're also questioning the timing.
    Read More
  • FHFA hearing: GOP fear housing policy headed for Crash 2.0

    Democrats say affordable housing, more lower-down policies needed
    Is the housing policy being charted by the Obama Administration one that will expand housing opportunities or steer us into dangerous waters? Rep. Waters applauds the latest Fannie, Freddie initiatives. While Rep. Hensarling indicates it is "dumb regulation."
    Read More
  • Mortgage insurance back in black in latest FHA actuarial report

    Aggressive post-crisis policies improve MMI outlook
    The Federal Housing Administration released Monday its actuarial report on the Mutual Mortgage Insurance Fund for single-family programs, and it shows the financial health of the regulating agency improved dramatically but that it still has a way to go with its finances.
    Read More
  • GOP wants CFPB merged with other regulators

    Democrats think cost-benefit analysis is 'dangerous'
    The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
    Read More
  • Sound and fury at CFPB racial discrimination hearing

    CFPB execs skip hearing on abuse at agency
    There was a certain level of disingenuousness that went beyond the usual political posturing at the House Oversight & Investigation Subcommittee investigating discrimination and retaliation at the Consumer Financial Protection Bureau Wednesday morning.
    Read More
  • Waters: Cancel House CFPB discrimination hearing

    Prefers broader look at HR issues at all agencies
    The Consumer Financial Protection Bureau has a friend in U.S. Rep. Maxine Waters, who is urging the House Financial Services Committee to cancel an investigation into allegations of discrimination, retaliation and abuse at the CFPB.
    Read More