March 27, 2015

Friday’s Government Reports Roundup

By Shea Cunningham

CFPB releases report of KPMG audit of its operations and budget. In the report, CFPB agrees with KPMG’s findings about control deficiencies and is aiming to fix such deficiencies. FHFA releases report on progress of Fannie/Freddie Conservatorships in advancing access … Continue reading

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March 27, 2015 in CFPB | Permalink | No Comments

March 17, 2015

CFPB Mortgage Supervision Highlights

By David Reiss

The Consumer Financial Protection Bureau issued its Supervisory Highlights for Winter 2015. The highlights include a section on Mortgage Origination and “largely focuses on Supervision’s examination findings and observations from July 2014 to December 2014.” (9) The headings of this … Continue reading

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March 17, 2015 in CFPB | Permalink | No Comments

March 16, 2015

Arbitration and The Common Mortgage

By David Reiss

The Consumer Financial Protection Bureau posted its Arbitration Study. This is a report to Congress that was required by Dodd-Frank. By way of background, the study states that Companies provide almost all consumer financial products and services subject to the … Continue reading

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March 16, 2015 in CFPB | Permalink | No Comments

February 24, 2015

Consumer Thoughts on Credit Reports

By David Reiss

The Consumer Financial Protection Bureau has issued a report, Consumer Voices on Credit Reports and Scores. This report builds on other recent work from the CFPB about how much people really understand about consumer finance. The answer — they still … Continue reading

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February 24, 2015 in CFPB | Permalink | No Comments

February 20, 2015

Friday’s Government Report Roundup

By Shea Cunningham

CRS Report, ‘Community Development Financial Institutions (CDFI): Programs and Policy Issues’, by Sean Lowry. (Need Bloomberg BNA Subscription) Consumers’ mortgage shopping experience, by CFPB. HUD Subsidized More Than 106,000 Noncompliant Households. (Discussing HUD’s large-scale failure in oversight of requirement that … Continue reading

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February 20, 2015 in CFPB | Permalink | No Comments

February 12, 2015

Realistic Strategies for Consumer Education

By David Reiss

The Consumer Financial Protection Bureau has issued its latest Strategic Plan, Budget, and Performance Plan and Report. I was critical of last year’s strategic plan as it related to financial education. I felt that the CFPB was too optimistic about … Continue reading

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February 12, 2015 in CFPB | Permalink | No Comments

February 10, 2015

Risky Reverse Mortgages

By David Reiss

The Consumer Financial Protection Bureau released a report, Snapshot of Reverse Mortgage Complaints:  December 2011-December 2014. By way of background, Reverse mortgages differ from other types of home loans in a few important ways. First, unlike traditional “forward” mortgages, reverse … Continue reading

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February 10, 2015 in CFPB | Permalink | No Comments