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

November 14, 2014

No Action on Financial Innovation?

By David Reiss

The Consumer Financial Protection Bureau issued a Request for Comment on a proposed policy regarding No-Action Letters. Under the proposed policy, the Bureau could issue no-action letters (NALs) to specific applicants in instances involving innovative financial products or services that … Continue reading

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November 14, 2014 in CFPB | Permalink | No Comments

November 13, 2014

Reiss on Privatization of Fannie and Freddie

By David Reiss

BadCredit.org profiled an article of mine in Brooklaw Professor Pushes for Privatization of Fannie Mae/Freddie Mac. The profile opens, Since the end of the Great Recession, policymakers, academics and economists have been struggling with a very difficult question — what … Continue reading

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November 13, 2014 in CFPB | Permalink | No Comments

October 29, 2014

Reiss on Home Mortgage Disclosure Act Proposed Rulemaking

By David Reiss

I have submitted a Comment on Home Mortgage Disclosure Act Proposed Rulemaking to the Consumer Financial Protection Bureau.  Basically, I argue The Consumer Financial Protection Bureau’s Home Mortgage Disclosure Act proposed rulemaking (proposed Aug. 29, 2014) is a reasonable one.  … Continue reading

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October 29, 2014 in CFPB | Permalink | No Comments

October 28, 2014

Reiss on Who Should Be Providing Mortgage Credit to American Households?

By David Reiss

I have posted a short Response, Who Should Be Providing Mortgage Credit to American Households?, to SSRN (as well as to BePress).  The abstract reads, Who should be providing mortgage credit to American households? Given that the residential mortgage market is … Continue reading

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October 28, 2014 in CFPB | Permalink | No Comments

October 23, 2014

Tall Mortgage Tales

By David Reiss

Todd Zywicki has posted The Behavioral Law and Economics of Fixed-Rate Mortgages (and Other Just-So Stories) to SSRN. The article contains SPOILER ALERT! a spoof, in order to make a larger point. The abstract reads, A major cause of the … Continue reading

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October 23, 2014 in CFPB | Permalink | No Comments