REFinBlog

Editor: David Reiss
Brooklyn Law School

July 7, 2017

Holding Servicers Accountable

By David Reiss

I submitted my comment to the Consumer Financial Protection Bureau regarding the 2013 RESPA Servicing Rule Assessment. It reads, substantively, as follows: The Consumer Financial Protection Bureau issued a Request for Information Regarding 2013 Real Estate Settlement Procedures Act Servicing Rule … Continue reading

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July 7, 2017 in CFPB | Permalink | No Comments

July 6, 2017

The CFPB Makes Its Case

By David Reiss

The Consumer Financial Protection Bureau released its Semi-Annual Report. Given that the Bureau is under attack by Republicans in Congress and in the Trump Administration, one can read this as a defense (a strong defense, I might editorialize) for the … Continue reading

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July 6, 2017 in CFPB | Permalink | No Comments

July 3, 2017

Easy Money From Fannie Mae

By David Reiss

The San Francisco Chronicle quoted me in Fannie Mae Making It Easier to Spend Half Your Income on Debt. It reads in part, Fannie Mae is making it easier for some borrowers to spend up to half of their monthly pretax … Continue reading

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July 3, 2017 in CFPB | Permalink | No Comments

June 30, 2017

The Financial Meltdown and Consumer Protection

By David Reiss

Larry Kirsch and Gregory D. Squires have published Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward. According to the promotional material, Meltdown reveals how the Consumer Financial Protection Bureau was able to curb important unsafe and unfair practices that … Continue reading

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June 30, 2017 in CFPB | Permalink | No Comments

June 19, 2017

Treasury’s Trojan Horse for The CFPB

By David Reiss

The Hill posted my latest column, Americans Are Better off with Consumer Protection in Place. It opens, This month, the Treasury Department issued a report to President Trump in response to his executive order on regulation of the U.S. financial system. … Continue reading

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June 19, 2017 in CFPB | Permalink | No Comments

June 5, 2017

Assessing The Ability-to-Repay and Qualified Mortgage Rule

By David Reiss

The Consumer Financial Protection Bureau has issued a Request for Information Regarding Ability-to-Repay/Qualified Mortgage Rule Assessment. Dodd-Frank requires the Bureau to conduct an assessment of each significant rule or order adopted by the Bureau under Federal consumer financial law. The … Continue reading

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June 5, 2017 in CFPB | Permalink | No Comments

May 19, 2017

Understanding The Ability To Repay Rule

By David Reiss

The Spring 2017 edition of the Consumer Financial Bureau’s Supervisory Highlights contains “Observations and approach to compliance with the Ability to Repay (ATR) rule requirements. The ability to repay rule is intended to keep lenders from making and borrowers from … Continue reading

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May 19, 2017 in CFPB | Permalink | No Comments