Compliance

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
Leandra English is hoping the third time is the charm in her legal pursuit to gain the title and office of acting director of the Consumer Financial Protection Bureau (CFPB).   After twice failing to get a federal court to void President Trump’s appointment of Mick Mulvaney to serve as acting... Keep Reading....
Yesterday’s news of a Federal Reserve rate hike was followed by today’s news of mostly stagnant mortgage rate activity
The Federal Reserve has announced $35.1 million in civil penalties against five financial services companies for “mortgage servicing deficiencies.” However, the central bank also terminated enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011... more
President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve is being sent back to the Senate Banking Committee for a second vote on Jan. 17
President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve is being sent back to the Senate Banking Committee for a second vote on Jan. 17.   According to a Reuters report, the committee already approved Powell in a Dec. 5 vote. However, the full Senate failed... more
Sen. Elizabeth Warren (D-MA) has crossed the aisle to team with Sen. Thom Tillis (R-NC) to introduce the Protecting Veterans from Predatory Lending Act of 2018
Sen. Elizabeth Warren (D-MA) has crossed the aisle to team with Sen. Thom Tillis (R-NC) to introduce the Protecting Veterans from Predatory Lending Act of 2018.   According to the senators, the new bill is designed to address the issue of “churning,” a process that results in repeated home loan... more
A federal judge has ruled in favor of President Trump’s appointment of Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB)
A federal judge has ruled in favor of President Trump’s appointment of Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB).   The Associated Press reports that Judge Timothy Kelly issued a 46-page opinion that rejected an effort by Leandra English, the... more