REFinBlog

Editor: David Reiss
Brooklyn Law School

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

May 6, 2016

Arbitration and the Common Man

By David Reiss

Arthur Miller, the playwright who brought us Death of A Salesman, wrote an essay titled Tragedy and The Common Man. It opens, In this age few tragedies are written. It has often been held that the lack is due to … Continue reading

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May 6, 2016 in CFPB | Permalink | No Comments

April 25, 2016

TRID Trials

By David Reiss

The Consumer Financial Protection Bureau issued the TILA-RESPA Integrated Disclosure (TRID) Rule which went into effect more than six months ago. The TRID Rule were designed to enhance consumer protections in the mortgage application process.  The mortgage industry has been … Continue reading

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April 25, 2016 in CFPB | Permalink | No Comments

April 22, 2016

Nonbank Mortgage Servicers and the Foreclosure Crisis

By David Reiss

The United States Government Accountability Office has issued a report, Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened. The GAO found that The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 … Continue reading

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April 22, 2016 in CFPB | Permalink | No Comments