Regulation and compliance
Regulation and compliance
-
National Credit Union Administration Chairman Mark McWatters has not even been announced as President Trump's pick to run the Consumer Financial Protection Bureau, but his potential nomination already is uniting diverse groups in opposition.
January 16 -
Housing regulators should not adopt an alternative credit scoring model until the banking industry is on board.
January 16 -
Lower East Side People's Federal Credit Union's case against the appointment of Mick Mulvaney as head of the CFPB turns on whether it has standing to sue.
January 15 -
The payments resolve a number of cases that date back to 2011 and were among the largest coordinated U.S. enforcement efforts in the years following the crisis.
January 12 -
The CFPB's recent freeze on collecting any personally identifiable information from companies it supervises is slowing investigations and could ultimately cripple the agency's enforcement function — and that may be the point.
January 10 -
The new cap on the mortgage interest deduction should help the first time home buyer market by forcing sellers to lower prices, at least in the near term.
January 10 -
Laurie Maggiano, the Consumer Financial Protection Bureau's program manager for servicing and secondary markets, died on Sunday.
January 8 -
The Senate Banking Committee is expected soon to release a bipartisan bill that would significantly reshape the housing finance market, but key issues remain unresolved.
January 8 -
Sen. Elizabeth Warren, D-Mass., is asking acting CFPB Director Mick Mulvaney to account for recent directives limiting agency staff members’ ability to access or acquire electronic data, saying the moves hamper critical agency operations.
January 8 -
The Denver judge, who last spring ruled that former foreclosure king Larry Castle and his law firm did not violate state laws designed to protect consumers against fraudulent charges, was biased and made several missteps during the three-week bench trial leading up to his decision, the Colorado attorney general's office asserts in its appeal of the verdict.
January 8 -
Homeowners can tap into more home equity than ever before, but deciding between a home equity line of credit and cash out refinance mortgage has gotten more complicated following recently passed tax reforms.
January 8 -
The HUD inspector general is conducting a wide-ranging audit into how Buffalo's public housing authority spent tens of millions of dollars over the past two years.
January 8 -
Auditing firms cannot be expected to root out evil, or to conduct full forensic investigations.
January 5 -
The state's housing crisis is back on the agenda as California lawmakers return to work after a months-long recess.
January 5 -
PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to 2012. The settlement comes as the nonbank mortgage company continues its legal challenge to a separate regulatory action by the CFPB.
January 3 -
If acting CFPB Director Mick Mulvaney ultimately prevails in the lawsuit challenging his position, he is expected to continue implementing the most significant changes to the agency in its six-year history.
January 2 -
Efforts to secure funding for Florida Keys housing in the wake of Hurricane Irma rank among priorities for Monroe County's state representative in the upcoming legislative session.
January 2 -
A regulatory relief package is likely to come out of the Senate in the new year, and lawmakers could follow it up with a housing finance reform push. But the midterm elections could cause some reform initiatives to grind to a halt.
December 29 -
The GSEs are on their way to paying back the money they owed the government under the original bailout deal made at the height of the financial crisis, making 2018 an opportune time for an overhaul of the housing finance market.
December 29 -
The Trump administration's Financial Stability Oversight Council is likely to remove the systemically important financial institution label for the remaining nonbanks on the list, but it might consider adding other firms such as Fannie Mae and Freddie Mac.
December 28

















