January 6, 2015
Reiss on Payday Lending Regs
CRM Buyer quoted me in CFPB May Rein In Payday Lending. The story opens, The Consumer Financial Protection Bureau is considering various approaches to reforming the payday loan industry, The Wall Street Journal reported on Sunday. The bureau is concerned … Continue reading
January 6, 2015 in Regulation | Permalink | No Comments
December 30, 2014
Reforming Fannie & Freddie’s Multifamily Business
Mark Willis & Andrew Neidhardt’s article, Reforming the National Housing Finance System: What’s at Risk for the Multifamily Rental Market if Fannie Mae and Freddie Mac Go Away?, was recently published in a special issue of the NYU Journal of … Continue reading
December 30, 2014 in Regulation | Permalink | No Comments
December 26, 2014
SEC Update on Rating Agency Industry
The staff of the U.S. Securities and Exchange Commission has issued its Annual Report on Nationally Recognized Statistical Rating Organizations. The report documents some significant problems with the rating agency industry as it is currently structured. The report highlights competition, … Continue reading
December 26, 2014 in Regulation | Permalink | No Comments
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
