REFinBlog

Editor: David Reiss
Brooklyn Law School

April 25, 2016

TRID Trials

By David Reiss

The Consumer Financial Protection Bureau issued the TILA-RESPA Integrated Disclosure (TRID) Rule which went into effect more than six months ago. The TRID Rule were designed to enhance consumer protections in the mortgage application process.  The mortgage industry has been … Continue reading

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April 25, 2016 in CFPB | Permalink | No Comments

April 22, 2016

Nonbank Mortgage Servicers and the Foreclosure Crisis

By David Reiss

The United States Government Accountability Office has issued a report, Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened. The GAO found that The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 … Continue reading

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April 22, 2016 in CFPB | Permalink | No Comments

April 21, 2016

Couples Leave Money on Closing Table

By David Reiss

Geng Li, Weifeng Wu and Vincent Yao, three Fed economists, have posted a research note, Do People Leave Money on the Table? Evidence from Joint Mortgage Applications and the Minimum FICO Rule. The authors state that there “is mounting evidence … Continue reading

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April 21, 2016 in CFPB | Permalink | No Comments

April 15, 2016

Consumer Survey Surveillance

By David Reiss

As I had noted previously, The Consumer Financial Protection Bureau had issued a notice and request for comment on the Financial Well-Being National Survey.  My submitted comments on it are below: The Consumer Financial Protection Bureau has solicited comment on whether this … Continue reading

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April 15, 2016 in CFPB | Permalink | No Comments

April 12, 2016

Testing CFPB’s Constitutionality

By David Reiss

Law360 quoted me in PHH Case Poised To Test CFPB’s Constitutionality (behind a paywall). It opens, A battle over the Consumer Financial Protection Bureau’s interpretation of mortgage regulations in assessing a $109 million penalty against a New Jersey-based mortgage firm has morphed … Continue reading

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April 12, 2016 in CFPB | Permalink | No Comments

April 7, 2016

Protecting Seniors’ Home Equity

By David Reiss

The Consumer Financial Protection Bureau has issued and Advisory and Report for Financial Institutions on Preventing Elder Financial Abuse. The Report defines elder financial exploitation as the illegal or improper use of an older person’s funds, property or assets. Studies … Continue reading

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April 7, 2016 in CFPB | Permalink | No Comments

March 31, 2016

Surveying Financial Well-Being

By David Reiss

The Consumer Financial Protection Bureau has issued a notice and request for comment on the Financial Well-Being National Survey. The CFPB is asking for comments on (a) Whether the collection of information is necessary for the proper performance of the … Continue reading

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March 31, 2016 in CFPB | Permalink | No Comments