REFinBlog

Editor: David Reiss
Brooklyn Law School

May 19, 2017

Understanding The Ability To Repay Rule

By David Reiss

The Spring 2017 edition of the Consumer Financial Bureau’s Supervisory Highlights contains “Observations and approach to compliance with the Ability to Repay (ATR) rule requirements. The ability to repay rule is intended to keep lenders from making and borrowers from … Continue reading

May 18, 2017

Secrets of The Title Insurance Industry

By David Reiss

The New York State Department of Financial Services has proposed two new regulations for the title insurance industry. Premiums for title insurance in New York State are set by regulators, so title insurance companies cannot compete on price. Instead, they … Continue reading

May 17, 2017

Assessing RESPA

By David Reiss

The Consumer Financial Protection Bureau issued a Request for Information Regarding 2013 Real Estate Settlement Procedures Act Servicing Rule Assessment. The Bureau is conducting an assessment of the Mortgage Servicing Rules Under the Real Estate Settlement Procedures Act (Regulation X), as … Continue reading

May 15, 2017

Running The CFPB out of Town

By David Reiss

My latest column for The Hill is America’s Consumer Financial Sheriff and The Horse it Rides Are under Fire. It opens, Notwithstanding its name, the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act, or Financial Choice Act, will … Continue reading

May 12, 2017

AIG Suit Strengthens Government Powers

By David Reiss

Law360 quoted me in Greenberg’s AIG Loss Strengthens Gov’t’s Crisis Powers (behind a paywall). It reads, in part, The Federal Circuit’s decision reversing Maurice R. “Hank” Greenberg’s win in his campaign against the U.S. government over its bailout of American International … Continue reading

May 4, 2017

Running Circles around the CFPB

By David Reiss

Lauren Willis has posted The Consumer Financial Protection Bureau and the Quest for Consumer Comprehension to SSRN.  It addresses an important subject — the cat and mouse game of the regulator and the regulated. The abstract reads, To ensure that consumers … Continue reading

May 1, 2017

Patenaude To Help Lead HUD

By David Reiss

Realtor.com quoted me in ‘Ultimate Housing Insider’: Pam Patenaude Nominated as HUD Deputy Secretary. It reads, Pam Patenaude was nominated by President Donald Trump to become deputy secretary of Housing and Urban Development, according to a White House statement released on Friday. The move … Continue reading