November 2, 2015
Monday’s Adjudication Roundup
Federal judge grants the SEC request for appointment of a receiver for the $136 million EB-5 fraud case involving Path America LLC and its two subsidiaries to monitor the companies to ensure their assets are not lost during the proceedings. … Continue reading
November 2, 2015 in CFPB | Permalink | No Comments
October 20, 2015
Tuesday’s Regulatory & Legislative Update
The Consumer Financial Protection Bureau (CFPB) has finalized a Rule to expand reporting requirements imposed upon financial institutions under the Home Mortgage Disclosure Act (HMDA). Dodd-Frank included a mandate directing the CFPB to collect metrics to allow, among other things, a better … Continue reading
October 20, 2015 in CFPB | Permalink | No Comments
October 16, 2015
Enhancing Mortgage Data and Litigation Risk
Law360 quoted me in CFPB Data Collection Boost May Bring More Lending Cases (behind a paywall). It reads, in part, The Consumer Financial Protection Bureau has given lenders more time to prepare for its new mortgage data reporting rule and streamlined some of the information … Continue reading
October 16, 2015 in CFPB | Permalink | No Comments
October 1, 2015
The New Mortgage Disclosure Rules
TheStreet.com quoted me in New Mortgage Rule Requires Disclosure Documents to Help Consumers Compare Costs. It reads, in part, A new set of shorter and simpler mortgage documents will be disclosed to consumers before they close on a loan, making the … Continue reading
October 1, 2015 in CFPB | Permalink | No Comments
September 28, 2015
Putting Disclosure to the Test
Talia Gillis has posted Putting Disclosure to the Test: Toward Better Evidence-Based Policy to SSRN. This is another one of those papers that seems so esoteric, but really addresses an incredibly important topic in consumer protection. The abstract reads, Financial disclosures … Continue reading
September 28, 2015 in CFPB | Permalink | No Comments
September 25, 2015
CFPB Mortgage Market Rules
Law360 quoted me in Questions Remain Over CFPB Mortgage Rules’ Market Effects (behind a paywall). The story highlights the fact that the jury is still out on exactly what a mature, post-Dodd-Frank mortgage market will look like. As I blogged yesterday, … Continue reading
September 25, 2015 in CFPB | Permalink | No Comments
September 22, 2015
Tuesday’s Regulatory & Legislative Round-Up
The Consumer Financial Protection Bureau (CFPB) has finalized changes to Mortgage Rules as applied to small lenders that operate primarily in underserved and rural areas. This change eliminates some of the prohibitions under the Ability- to-Repay Rule thereby allowing income … Continue reading
September 22, 2015 in CFPB | Permalink | No Comments
