September 26, 2017
Safeguarding The CFPB’s Arbitration Rule
I was one of the many signatories of this letter to Senators Crapo (R-ID) and Brown (D-OH) opposing H.R. Res. 111/S.J. Res. 47, “which would block the Consumer Financial Protection Bureau’s new forced arbitration rule.” the 423 signatories all agree … Continue reading
September 26, 2017 in CFPB | Permalink | No Comments
July 7, 2017
Holding Servicers Accountable
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
July 7, 2017 in CFPB | Permalink | No Comments
July 6, 2017
The CFPB Makes Its Case
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
July 6, 2017 in CFPB | Permalink | No Comments
July 3, 2017
Easy Money From Fannie Mae
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
July 3, 2017 in CFPB | Permalink | No Comments
June 30, 2017
The Financial Meltdown and Consumer Protection
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
June 30, 2017 in CFPB | Permalink | No Comments
June 19, 2017
Treasury’s Trojan Horse for The CFPB
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
June 19, 2017 in CFPB | Permalink | No Comments
June 5, 2017
Assessing The Ability-to-Repay and Qualified Mortgage Rule
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
June 5, 2017 in CFPB | Permalink | No Comments
