Links in “CFPB”
- CFPB Touts New Rules Launch
Regulatory agencies seem hesitant to add any new regulations as they promote the roll-out of 2014's mortgage rules. Cordray's remarks promote benefits to consumers as we go back to basics. Wonder how FIs see those basics? [1/13]
- Cordray Praises Credit Unions on âThe Daily Showâ
CFPB Direct Richard Cordray sang the praises of credit unions on Wednesdayâs âThe Daily Show with Jon Stewart.â Cordray cited credit unionsâ and community banksâ history of a common sense approach to mortgage lending as the model that the new mortgage regulations are designed to impose on the entire industry. [1/10]
- Opinion on What May Be the Real Reason Behind CFPB’s Media Blitz
Cordray's appearance on Jon Stewart's Daily Show may be portending the defense CFPB intends to use should new rules prove to have a materially adverse effect on credit availability. [1/10]
- CFPB Revised Key Mortgage Disclosures
CFPB revises HELOC Brochure, CHARM Booklet and Settlement Cost Booklet to meet upcoming changes in mortgage origination and servicing rules. FIs may use new booklets now or wait to exhaust old supplies, within reason. [1/10]
- Cordray: CFPB is Not Anti-Free Market
CFPB enforcement is "not anti-free market â it's fairness," Cordray says in an interview on The Daily Show with Jon Stewart. [1/10]
- NCUA Townhall Meeting with CFPB
The 2/12/14 NCUA meeting will feature CFPB Director Cordray with emphasized discussion on changes in consumer protection regulations. Participants can submit questions in advance to WebinarQuestions@NCUA.gov using the subject matter line, NCUA-CFPB Town Hall or pose questions during the meeting by using the chat function. [1/9]
- CFPB Serves it Up for Consumers
CFPB releases new resources for consumers to educate on protections from mortgage rules. Guidance includes sample letters that consumers can send to their mortgage servicers when suspecting errors, more FAQs and other help tips. [1/8]
- Timing is Everything: CFPB to Hold “Protecting Homeowners” Training on Jan. 10
After rejecting widespread calls to delay this Friday's implementation date for the new mortgage rules, the CFPB announced instead it will hold on that very same day an event called "Protecting Homeowners: New Tools for Empowering Consumers and Advocates" for housing counselors, legal aid attorneys and other advocates. [1/7]
- Will Interest-Only Loans Survive in Post-QM Era?
At least for one lender, the answer is yes, it will continue to offer interest-only loans, even after the CFPB's Qualified Mortgage rules go into effect Jan. 10. Bank of the West, based in San Francisco, says that it has reviewed its underwriting criteria and feels comfortable that its borrowers have the ability to repay the loans once the interest-only period has expired. [1/7]
- 2011 Rural and Underserved Counties List
New escrow account requirements contain an exemption for certain small creditors operating in rural and underserved counties in any of the previous three years. The CFPB has just added the list for 2011 to its previously published lists for 2012 and 2013. [1/6]
