Senator on a Mission to Change the Way Short Sales Affect Credit Reporting
Tim Rood wrote an interesting post today onHere’s a quick excerptSenator Bill Nelson (D-FL has asked for an investigation and possible “crackdown” on the manner in which short sales are impacting...
View ArticleCFPB Announces Changes to Ablity-to-Repay Rule
Tim Rood wrote an interesting post today onHere’s a quick excerptThe Consumer Financial Protection Agency has, as it promised earlier, released changes to the Ability-to-Repay rule due to go into...
View ArticleCFPB Gives Mortgage Lenders Heads-up on Exam Procedures
Tim Rood wrote an interesting post today onHere’s a quick excerptThe Consumer Financial Protection Bureau is giving financial and mortgage companies a heads-up about what examiners will be looking for...
View ArticleCFPB Opens Proposed Mortgage Rule Changes for Public Comment
Tim Rood wrote an interesting post today onHere’s a quick excerptThe Consumer Financial Protection Bureau (CFPB) has issued another set of proposed clarifications and revisions to the mortgage rules it...
View ArticleCordray Confirmed Under Senate Filibuster Agreement
Tim Rood wrote an interesting post today onHere’s a quick excerptAfter months of delay the Senate voted Tuesday evening to confirm Richard Cordray as the first director of the Consumer Financial...
View ArticleCommittee Approves Watt Nomination, Full Senate is Another Story
Tim Rood wrote an interesting post today onHere’s a quick excerptReuters is reporting that the Senate Banking Committee has approved the nomination of Mel Watt to replace Edward J. DeMarco as director...
View ArticleFormer CFPB Officials Under Congressional Fire
Tim Rood wrote an interesting post today onHere’s a quick excerptThe chairs of the House Financial Services (FSC) and the Oversight and Government Reform Committees are focusing on business...
View ArticleCFPB Updates Financial Institution Exam Procedures
Tim Rood wrote an interesting post today onHere’s a quick excerptThe Consumer Financial Protection Bureau (CFPB) has released a set of exam procedures to assist financial institutions and mortgage...
View ArticleCordray: CFPB Listened and Adapted QM Accordingly
Tim Rood wrote an interesting post today onHere’s a quick excerptThe credit crunch, the financial collapse, and the ensuing deep recession will likely stand as the most significant financial events of...
View ArticleFSC Chair Asks “Who Will Protect Consumers From the CFPB?”
Tim Rood wrote an interesting post today onHere’s a quick excerptThe Director of the Consumer Financial Protection Bureau (CFPB) finally got to present the Bureau’s third Semi-Annual Report to the...
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