January 14, 2015

Reiss on New Mortgage Tool

By David Reiss

Tech News World quoted me in CFPB Shifts Some Power to Mortgage Shoppers. The story reads in part, The Consumer Financial Protection Bureau on Tuesday introduced Owning a Home, a set of online tools designed to make it easier for … Continue reading

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January 14, 2015 in CFPB | Permalink | No Comments

January 9, 2015

S&P’s Upbeat Outlook on Mortgage Market

By David Reiss

S&P posted U.S. RMBS Roundtable: Mortgage Origination And Securitization In The Post-Qualified Mortgage/Ability-To-Repay Market. The roundtable discussion offers views on many aspects of the 2015 mortgage market, but I found this passage to be particularly interesting: Originators agreed loans that … Continue reading

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January 9, 2015 in CFPB | Permalink | No Comments

January 6, 2015

Reiss on Payday Lending Regs

By David Reiss

CRM Buyer quoted me in CFPB May Rein In Payday Lending. The story opens, The Consumer Financial Protection Bureau is considering various approaches to reforming the payday loan industry, The Wall Street Journal reported on Sunday. The bureau is concerned … Continue reading

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January 6, 2015 in CFPB | Permalink | No Comments

December 22, 2014

Catalyzing Savings

By David Reiss

The Consumer Financial Protection Bureau has announced a Project Catalyst  Pilot to Promote Regular Saving Behavior Among Prepaid Card Users.The pilot involves an American Express product, a prepaid card with a saving feature. The CFPB’s research study associated with this … Continue reading

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December 22, 2014 in CFPB | Permalink | No Comments

December 20, 2014

Reiss on Cramming

By David Reiss

E-Commerce Times quoted me in Feds Pounce on Sprint for Phone Bill Cramming. It opens, The United States government is delivering a one-two punch to Sprint over the practice of cramming — allowing third parties to place unauthorized charges on … Continue reading

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December 20, 2014 in CFPB | Permalink | No Comments

December 16, 2014

Lederman, Rahman & Reiss on CFPB No-Action Policy

By David Reiss

Jeff Lederman, Sabeel Rahman and I submitted a comment on the Consumer Financial Protection Bureau’s proposed policy on No-Action Letters. Basically, This is a comment on the Consumer Financial Protection Bureau’s (the “Bureau”) proposed Policy on No-Action Letters (the “Policy”).  … Continue reading

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December 16, 2014 in CFPB | Permalink | No Comments

December 8, 2014

Solving Complexity in Consumer Credit

By David Reiss

Kathleen Engel posted Can Consumer Law Solve the Problem of Complexity in U.S. Consumer Credit Products? to SSRN. The abstract reads, People like to know and understand the total cost of credit products they are considering. They also like to … Continue reading

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December 8, 2014 in CFPB | Permalink | No Comments