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
May 19, 2017
Understanding The Ability To Repay Rule
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
May 19, 2017 in CFPB | Permalink | No Comments
May 17, 2017
Assessing RESPA
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
May 17, 2017 in CFPB | Permalink | No Comments
May 15, 2017
Running The CFPB out of Town
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
May 15, 2017 in CFPB | Permalink | No Comments
