REFinBlog

Editor: David Reiss
Brooklyn Law School

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

May 17, 2017

Assessing RESPA

By David Reiss

The Consumer Financial Protection Bureau issued a Request for Information Regarding 2013 Real Estate Settlement Procedures Act Servicing Rule Assessment. The Bureau is conducting an assessment of the Mortgage Servicing Rules Under the Real Estate Settlement Procedures Act (Regulation X), as … Continue reading

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May 17, 2017 in CFPB | Permalink | No Comments

May 15, 2017

Running The CFPB out of Town

By David Reiss

My latest column for The Hill is America’s Consumer Financial Sheriff and The Horse it Rides Are under Fire. It reads, Notwithstanding its name, the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act, or Financial Choice Act, will … Continue reading

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May 15, 2017 in CFPB | Permalink | No Comments

May 4, 2017

Running Circles around the CFPB

By David Reiss

Lauren Willis has posted The Consumer Financial Protection Bureau and the Quest for Consumer Comprehension to SSRN.  It addresses an important subject — the cat and mouse game of the regulator and the regulated. The abstract reads, To ensure that consumers … Continue reading

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May 4, 2017 in CFPB | Permalink | No Comments

April 26, 2017

Comparison Shopping Savings in Mortgage Market

By David Reiss

Alexei Alexandrov and Sergei Koulayev of the Consumer Financial Protection Bureau have posted a working paper, No Shopping in the U.S. Mortgage Market: Direct and Strategic Effects of Providing Information to SSRN. The paper is the first to answer the … Continue reading

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April 26, 2017 in CFPB | Permalink | No Comments