February 25, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Regulation and Liability of Credit Rating Agencies – A More Efficient European Law?, by Thomas M.J. Mollers & Charis Niedorf, ECRF 2014, 333-363. How Federal Tax Expenditures that Support Housing Contribute to Economic Inequality, by Henry Rose, Loyola University Chicago … Continue reading

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February 25, 2015 in Regulation | Permalink | No Comments

February 24, 2015

Consumer Thoughts on Credit Reports

By David Reiss

The Consumer Financial Protection Bureau has issued a report, Consumer Voices on Credit Reports and Scores. This report builds on other recent work from the CFPB about how much people really understand about consumer finance. The answer — they still … Continue reading

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February 24, 2015 in Regulation | Permalink | No Comments

February 20, 2015

Friday’s Government Report Roundup

By Shea Cunningham

CRS Report, ‘Community Development Financial Institutions (CDFI): Programs and Policy Issues’, by Sean Lowry. (Need Bloomberg BNA Subscription) Consumers’ mortgage shopping experience, by CFPB. HUD Subsidized More Than 106,000 Noncompliant Households. (Discussing HUD’s large-scale failure in oversight of requirement that … Continue reading

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February 20, 2015 in Regulation | Permalink | No Comments

February 19, 2015

Treasury Gives RMBS a Workout

By David Reiss

The Treasury has undertaken a Credit Rating Agency Exercise. According to Michael Stegman, Treasury recognized that the PLS market has been dormant since the financial crisis partly because of a “chicken-and-egg” phenomenon between rating agencies and originator-aggregators. Rating agencies will not … Continue reading

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February 19, 2015 in Regulation | Permalink | No Comments

February 17, 2015

Tuesday’s Regulatory & Legislative Round-Up

By Serenna McCloud

HUD AWARDS $1.8 BILLION TO IMPROVE, PRESERVE NATION’S PUBLIC HOUSING Says Housing Authorities Will Use Funding to Maintain Housing for Families, Seniors Julián Castro: Secretary of U.S. Department of Housing and Urban Development (HUD) Positive About the FHA in Written Testimony before … Continue reading

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February 17, 2015 in Regulation | Permalink | No Comments

February 13, 2015

Friday’s Government Reports

By Serenna McCloud

FHFA House Price Index up .08% in November 2014 HUD’s Worst Case Housing Needs 2015 Report to Congress New York Comptroller’s Report Finds Empire State Development Corporation Lacking in Accountability and Transparency Consumer Financial Protection Bureau Releases Report On Reverse … Continue reading

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February 13, 2015 in Regulation | Permalink | No Comments

February 12, 2015

Realistic Strategies for Consumer Education

By David Reiss

The Consumer Financial Protection Bureau has issued its latest Strategic Plan, Budget, and Performance Plan and Report. I was critical of last year’s strategic plan as it related to financial education. I felt that the CFPB was too optimistic about … Continue reading

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February 12, 2015 in Regulation | Permalink | No Comments