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Bill Introduced to Install an Independent IG at the CFPB

January 28, 2019
Republican lawmakers want the CFPB to be led by an independent inspector general appointed by the president.
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Kraninger Promises to Assess TRID Rule

January 28, 2019
CFPB Director Kathy Kraninger assured Republican senators that the CFPB will examine industry concerns regarding the integrated mortgage disclosure rule.
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Five New Faces Join CFPB’s Top Team; D’Angelo Quits

January 28, 2019
Chris D’Angelo, associate director of the supervision and enforcement division at the CFPB, is departing. In February, he will join the New York attorney general’s office as chief deputy attorney general for economic justice.
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Kraninger Wants Clear Authority on Military Loans

January 28, 2019
The CFPB is seeking a legislative fix to give it clear authority to supervise institutions to ensure compliance with the Military Lending Act.
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Servicemembers Complaints Center on Servicing Issues

January 28, 2019
Most mortgage-related complaints from servicemembers are related to servicing payments, according to an annual report by the CFPB’s Office of Servicemember Affairs.
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Mortgage Complaints Fell by Double Digits in 2018

January 28, 2019
Mortgage-related consumer complaints filed with the CFPB dropped 21.5 percent last year to a mere 23,991 — the lowest number since the agency opened its door, according to a new analysis by Inside the CFPB. [Includes two data charts.]
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CFPB Likely to Scrap ATR Portion of the Payday Rule

January 28, 2019
The critical ability-to-repay provision related to the 2017 payday lending rule is likely to be scrapped by the CFPB, industry attorneys observed.
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Waters to Target Mulvaney, Probe Credit Reporting

January 28, 2019
The House Financial Services Committee will target White House acting Chief of Staff Mick Mulvaney over his previous role as the interim head of the CFPB, said Maxine Waters, chairwoman of the HFSC, one of the most powerful House committees.
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Step 1 in GSE Administrative Reform: Building Capital

January 25, 2019
The Treasury Department continues to work on administrative changes for Fannie Mae and Freddie Mac that can be implemented by the Federal Housing Finance Agency, but a blueprint is unlikely until sometime in the early spring.
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Revised Overtime Pay Rule Under Review at OMB

January 25, 2019
George Brooks
Changes to the Department of Labor’s overtime rule are anxiously anticipated as they may finally answer, among other things, whether mortgage loan officers are excluded from overtime pay.
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