REFinBlog

Editor: David Reiss
Brooklyn Law School

A Member of the Law Professor Blogs Network

August 10, 2015

Is the CFPB Unconstitutional?

By David Reiss

DepositAccounts.com quoted me in Old Court Case Puts Consumer Financial Protection Bureau on Hot Seat. It reads, in part, here is such a thing as a second act. Even court cases can be resurrected from the dead. Two years after State … Continue reading

Read More

August 10, 2015 in CFPB | Permalink | No Comments

August 7, 2015

What To Do With MERS?

By David Reiss

Bloomberg BNA quoted me in More Policy Queries As MERS Racks Up Court Wins (behind a paywall). The article further discusses the case I had blogged about earlier this week.  It reads, in part, Mortgage Electronic Registration Systems, Inc. (MERS), the keeper of … Continue reading

Read More

August 7, 2015 in CFPB | Permalink | No Comments

August 6, 2015

eClosings

By David Reiss

The Consumer Financial Protection Bureau has issued a report on its eClosing pilot, Leveraging Technology to Empower Mortgage Consumers at Closing. The term “eClosing” refers to technology-enabled loan closings. The CFPB became interested in how eClosings “could facilitate embedding educational … Continue reading

Read More

August 6, 2015 in CFPB | Permalink | No Comments

August 3, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

The Third Circuit upholds class certification in case against PNC Bank NA, in which individuals are alleging the bank participated in an illegal home equity lending scheme. Residential Credit Solutions Inc., a mortgage servicing company, will pay $1.6 million in … Continue reading

Read More

August 3, 2015 in CFPB | Permalink | No Comments

July 28, 2015

Optimizing Mortgage Availability

By David Reiss

The United States Government Accountability Office (GAO) has issued a report, Mortgage Reforms: Actions Needed to Help Assess Effects of New Regulations. The GAO did this study to predict the effects of the Qualified Mortgage (QM) and Qualified Residential Mortgage … Continue reading

Read More

July 28, 2015 in CFPB | Permalink | No Comments

June 29, 2015

CFPB Mortgage Highlights

By David Reiss

The Consumer Financial Protection Bureau issued its most recent Supervisory Highlights. The CFPB is “committed to transparency in its supervisory program by sharing key findings in order to help industry limit risks to consumers and comply with Federal consumer financial law.” … Continue reading

Read More

June 29, 2015 in CFPB | Permalink | No Comments

Monday’s Adjudication Roundup

By Shea Cunningham

Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading

Read More

June 29, 2015 in CFPB | Permalink | No Comments