Compliance

President Trump is reportedly considering to fill the soon-to-be-vacant Director’s office at the Consumer Financial Protection Bureau (CFPB) with Mick Mulvaney, Director of the Office of Management and Budget
A coalition of 17 Democratic State Attorneys General sent a letter to President Trump demanding the removal of Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB).   The Attorneys General cited Mulvaney’s comments that the Agency was a agency as “a joke” that... Keep Reading....
The Trump Administration’s charge that the Consumer Financial Protection Bureau (CFPB) was promoting a partisan agenda may not be entirely wrong, according to the Center for Responsive Politics’ Open Secrets Web site analysis of political donations made b
The traditionally quiet Thanksgiving holiday weekend became a surprise battlefront as the Consumer Financial Protection Bureau (CFPB) turned into Washington’s latest partisan struggle when outgoing director Richard Cordray attempted to muscle his way past President Trump in naming his successor... more
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each government-sponsored enterprise (GSE), down from this year’s cap of $36.5 billion.   The FHFA stated that its caps were based on projections... more
Two of the nation’s leading mortgage industry trade groups are rallying their respective members to influence a pair of bills now working their way through Congress
Two of the nation’s leading mortgage industry trade groups are rallying their respective members to influence a pair of bills now working their way through Congress.   NAMB issued a call to action for its members to support H.R. 2570, The Mortgage Fairness Act of 2017. In an e-mail from Chris... more
Janet Yellen submitted her resignation as a member of the Federal Reserve’s Board of Governors, effective upon the swearing in of Jerome Powell as her successor as chairman of the central bank
Janet Yellen submitted her resignation as a member of the Federal Reserve’s Board of Governors, effective upon the swearing in of Jerome Powell as her successor as chairman of the central bank.   Yellen’s term expires on Feb. 3. She also serves as chairwoman of the Federal Open Market Committee,... more