REFinBlog

Editor: David Reiss
Brooklyn Law School

August 19, 2016

Bringing Debt Collectors to Heel

By David Reiss

TheStreet.com quoted me in Debt Collectors Hounding You With Robo Calls? Here’s What To Do. It reads, in part, Mike Arman, a retired mortgage broker residing in City of Oak Hill, Fla., owns a nice home, with only $6,000 left on … Continue reading

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August 19, 2016 in CFPB | Permalink | No Comments

August 3, 2016

The Future of Mortgage Default

By David Reiss

The Consumer Financial Protection Bureau has shared its Principles for the Future of Loss Mitigation. It opens, This document outlines four principles, Accessibility, Affordability, Sustainability, and Transparency, that provide a framework for discussion about the future of loss mitigation as … Continue reading

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August 3, 2016 in CFPB | Permalink | No Comments

July 27, 2016

Regulating Small Lenders

By David Reiss

The Consumer Financial Protection Bureau is often subject to a lot of criticism for imposing a heavy regulatory burden on small community banks and credit unions (together, community lenders). A recent Government Accountability Office report, Community Lenders Remain Active under New Rules, … Continue reading

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July 27, 2016 in CFPB | Permalink | No Comments

July 5, 2016

Dems Favor Land Use Reform

By David Reiss

The Democratic Party has released its draft 2016 Policy Platform. Its housing platform follows in its entirety. I find the highlighted clause particularly intriguing and discuss it below. Where Donald Trump rooted for the housing crisis, Democrats will continue to fight … Continue reading

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July 5, 2016 in CFPB | Permalink | No Comments

June 6, 2016

What Are Mortgage Borrowers Thinking?

By David Reiss

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have released A Profile of 2013 Mortgage Borrowers: Statistics from the National Survey of Mortgage Originations. While sounding dull and perhaps a bit dated, this document is actually … Continue reading

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June 6, 2016 in CFPB | Permalink | No Comments

May 26, 2016

Unruly Arbitration

By David Reiss

I had blogged earlier about the Consumer Financial Protection Bureau’s proposed rule regarding arbitration. Along with 209 other law professors, I submitted a comment letter regarding it. The letter opens, We write to strongly support proposed regulation CFPB-2016-0020, RIN 3170-AA51. … Continue reading

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May 26, 2016 in CFPB | Permalink | No Comments

May 11, 2016

Consumer Protection’s Holy Grail

By David Reiss

The Federal Financial Institutions Examination Council (FFIEC) has issued a notice and request for comment regarding the Uniform Interagency Consumer Compliance Rating System (the CC Rating System). The FFIEC’s six members represent the Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit … Continue reading

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May 11, 2016 in CFPB | Permalink | No Comments