Senate Majority Leader Harry Reid (D-Nev.) recently said that he plans to hold a vote next week on CFPB Director Richard Cordray’s nomination to the position. Reid has sought to make changes to Senate filibuster rules, though he said he … Read More…
The CFPB announced on Wednesday the availability of several Youtube videos featuring plain-language information on the agency’s new mortgage rules. The videos relate to mortgage servicing, the Truth in Lending Act’s escrow rule, loan originator compensation rule, ability-to-repay—or QM—rule, the … Read More…
CFPB Director Richard Cordray spoke to the National Association of Realtors on Tuesday on the efforts the agency has put forth to help the housing market recover from the financial crisis. “The aftermath of the financial crisis has left a … Read More…
PJ Hoffman, regulatory affairs counsel for the National Association of Federal Credit Unions, urged the CFPB last week to avoid a “one-size-fits-all” approach to student lending without enabling credit unions “the flexibility to best serve their members.” Hoffman said that … Read More…
The CFPB published a report on Wednesday that reveals how student loan debt can hinder a consumer’s financial life and provides public input-based options for lawmakers to consider in order to help borrowers manage student loan debt. “College can open … Read More…
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