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
May 4, 2017
Running Circles around the CFPB
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
May 4, 2017 in CFPB | Permalink | No Comments
April 26, 2017
Comparison Shopping Savings in Mortgage Market
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
April 26, 2017 in CFPB | Permalink | No Comments
April 24, 2017
What is the Debt to Income Ratio?
OppLoans.com quoted me in What is the Debt to Income Ratio? It opens, One of the great things about credit is that it lets you make purchases you wouldn’t otherwise be able to afford at one time. But this arrangement only … Continue reading
April 24, 2017 in CFPB | Permalink | No Comments
April 21, 2017
Kafka and the CFPB
The Hill published my latest column, The CFPB Is a Champion for Americans Across The Country. It opens, Republicans like Sen. Ted Cruz (R-Texas) have been arguing that consumers should be freed from the Consumer Financial Protection Bureau’s “regulatory blockades and … Continue reading
April 21, 2017 in CFPB | Permalink | No Comments
