December 23, 2014
Reiss on Ocwen Settlement
Law360 quoted me in New York’s Ocwen Deal Sets Tough Precedent For Regulators (behind a paywall). It reads in part, New York regulators ordered Ocwen Financial Corp. to pay $150 million in hard cash and barred the company from claiming … Continue reading
December 23, 2014 in Regulation | Permalink | No Comments
December 22, 2014
Catalyzing Savings
The Consumer Financial Protection Bureau has announced a Project Catalyst Pilot to Promote Regular Saving Behavior Among Prepaid Card Users.The pilot involves an American Express product, a prepaid card with a saving feature. The CFPB’s research study associated with this … Continue reading
December 22, 2014 in Regulation | Permalink | No Comments
December 20, 2014
Reiss on Cramming
E-Commerce Times quoted me in Feds Pounce on Sprint for Phone Bill Cramming. It opens, The United States government is delivering a one-two punch to Sprint over the practice of cramming — allowing third parties to place unauthorized charges on … Continue reading
December 20, 2014 in Regulation | Permalink | No Comments
December 18, 2014
Life Post-Fannie, Post-Freddie
The Congressional Budget Office has released a report, Transitioning to Alternative Structures for Housing Finance. This report examines various mechanisms that policymakers could use to attract more private capital to the secondary mortgage market. The report also addresses how those … Continue reading
December 18, 2014 in Regulation | Permalink | No Comments
December 16, 2014
Lederman, Rahman & Reiss on CFPB No-Action Policy
Jeff Lederman, Sabeel Rahman and I submitted a comment on the Consumer Financial Protection Bureau’s proposed policy on No-Action Letters. Basically, This is a comment on the Consumer Financial Protection Bureau’s (the “Bureau”) proposed Policy on No-Action Letters (the “Policy”). … Continue reading
December 16, 2014 in Regulation | Permalink | No Comments
December 15, 2014
Reiss on Fair Housing Falsehood
The Providence (R.I.) Journal quoted me in its Truth-O-Meter column: Mike Stenhouse: According to HUD, It’s Unfair, Unjust for Wealthy to Live in Exclusive Neighborhoods. The column reads, in part, For more than three years, the Rhode Island Division of … Continue reading
December 15, 2014 in Regulation | Permalink | No Comments
December 11, 2014
Fannie and Freddie Begin a New Stage
The Federal Housing Finance Agency has ordered Fannie and Freddie to begin making contributions to the Housing Trust Fund and to the Capital Magnet Fund. These two funds were created pursuant to the Housing and Economic Recovery Act of 2008, … Continue reading
December 11, 2014 in Regulation | Permalink | No Comments
