CFPB Being Challenged On Multiple Fronts
As legislation is introduced by Republicans in Congress to abolish the Consumer Financial Protection Bureau, a federal appeals court has given the go ahead on a lawsuit challenging the regulator's structure.
Delayed TRID Implementation Finalized
Following months of uncertainty, the implementation date for new integrated mortgage disclosures has been formally delayed by the Consumer Financial Protection Bureau.
Senators Introduce TRID Bill
A pair of U.S. senators, a Democrat and a Republican, have introduced legislation that would give lenders a grace period for new integrated disclosures.
Adjusted TRID Date Proposed
If a proposed implementation date for integrated disclosures is finalized, mortgage firms and their service providers will have a couple more days than expected to make the conversion.
CFPB Relents: Delay Proposed in TRID Implementation
Intense lobbying by the financial services industry and prodding by Congress has apparently swayed the head of the Consumer Financial Protection Bureau.
A Few Moderate Dems Hold Fate of Dodd-Frank Reform
If there is any chance that there will be changes to federal financial regulations, it rests with four moderate Democrats on the Senate Banking Committee.
Mortgage Servicers Face More Regulation in Hawaii
A new law that has been enacted in the Aloha State requires mortgage servicers to make a good-faith effort to modify loans and avoid foreclosure -- among other things.
NY Town Using Eminent Domain on Zombie Properties
City officials in a small town in New York have decided to utilize the threat of eminent domain to prompt mortgage servicers to clean up zombie properties.
Congress Asking CFPB for TRID Grace Period
Republicans and Democrats in the House of Representatives are asking the Consumer Financial Protection Bureau for a regulatory grace period on integrated disclosures.
Mortgage Compliance Made Easy
Mortgage service providers continue to bring products to market that will help lenders comply with increasing regulatory requirements. Meantime, an industry trade group is asking Congress for relief.