Acting Consumer Financial Protection Bureau Director Mick Mulvaney hasn't said yet whether he will keep public consumer complaints about banks, credit unions and other financial firms, but a former Ohio attorney general is gearing up just in case. Marc Dann, now a lawyer in private practice who represents mortgage borrowers in foreclosure, said he plans […]
In CFPB news, Mick Mulvaney's efforts to reshape the Consumer Financial Protection Bureau continue apace with more requests for information and improvements to the mortgage servicing rule. Finally, a recent California decision affirms the Bureau's right to properly tailored civil monetary penalties and injunctive relief, albeit in the more limited forms imposed earlier by the […]
On March 29, 2018, the Consumer Financial Protection Bureau released two important implementation tools that may help mortgage servicers ensure compliance with recent amendments to the mortgage servicing rules in Regulations X and Z. This release comes shortly after the CFPB published a set of Frequently Asked Questions that primarily addressed issues related to the […]
Comedian Jon Stewart, center, flanked by New York Reps. Carolyn B. Maloney and Jerrold Nadler, speaks during a press conference on March 5, calling on OMB Director Mick Mulvaney to withdraw his proposal to separate the World Trade Center Health Program from the direction of the National Institute of Occupational Safety and Health direction. Foreclosure […]
ABA Journal Daily News
Mick Mulvaney's appointment as interim director of the Consumer Financial Protection Bureau was a win for CFPB critics and the administration's conservative base. But the latest names being discussed for the permanent job have something Mulvaney lacks: a background on consumer protection issues. Foreclosure News
Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, is calling on the Trump administration to support the Consumer Financial Protection Bureau's enforcement action against PHH Corp., which agreed Wednesday to a $ 45 million settlement for foreclosure abuses. PHH, a Mount Laurel, N.J., mortgage lender and servicer, agreed to pay $ 31 […]
The Consumer Financial Protection Bureau was founded by Congress in 2011 to protect consumers. Duh, its mission is in the name. Foreclosure News
The Consumer Financial Protection Bureau was created as part of the Dodd-Frank Bill that reformed financial practices following the abuses that led to the Great Recession. Republicans have made no secret of the fact that they want to get rid of those reforms and once again let Wall Street run loose. Foreclosure News
The Consumer Financial Protection Bureau was created after the Great Recession of 2008 wreaked havoc on the U.S. economy, causing millions of families to lose their homes to foreclosure and forcing millions of working people onto the unemployment rolls. Its mission is to protect working people from tricks and traps in consumer financial products like […]