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CFPB Expands Executive Team

Phil Hall
Jan 30, 2020
The Consumer Financial Protection Bureau has announced that it has taken measures to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic

The Consumer Financial Protection Bureau (CFPB) has added five new members to its executive team.
Susan M. Bernard was named Assistant Director for Regulations in the CFPB’s Research, Markets and Regulation Division. Before joining the agency, she served as the Director of the Office of Regulations and Policy in the Center for Food Safety and Applied Nutrition at the U.S. Food and Drug Administration.
Donna Roy was named Chief Information Officer in the CFPB’s Operations Division. She was formerly Executive Director of the Information Sharing and Services Office at the Department of Homeland Security. She is also a U.S. Marine Corps veteran.
Rachelle Vaughan was appointed Chief Procurement Officer in the Operations Division. She was previously director of procurement services for the Corporation for National and Community Service.
Thomas G. Ward was appointed Assistant Director of Enforcement in the Supervision, Enforcement & Fair Lending Division. He was previously a Deputy Assistant Attorney General in the Civil Division at the U.S. Department of Justice, and earlier was a litigation partner at Williams & Connolly LLP in Washington, D.C.
David Wernecke was named CFPB Chief Experience Officer. He has been with the CFPB since 2013, most recently as the Section Chief in the Consumer Response Product Office.

Jan 30, 2020
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Oct 08, 2021