MBS investors are encouraged the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states.
The New York Fed argues that CRTs have reduced the GSEs’ exposure to mortgage credit risk without disrupting the stability of the secondary mortgage market…
The CFPB is continuing its investigation into what went wrong at Equifax regarding the massive data breach the credit bureau suffered last year, according to a new 10-K filing with the Securities and Exchange Commission. Last fall, Equifax said hackers stole personal data it had collected on some 143 million U.S. consumers. In the new filing, the company updated that estimate to almost 146 million Americans. The CFPB, of course, is not the only government body looking into the hack ... [Includes two briefs]
In addition to the request for information the CFPB issued on its external engagement, the agency also asked for input on how it reports consumer complaint information.The agency is seeking comments from interested parties regarding “potential changes that can be implemented to the bureau’s public reporting practices of consumer complaint information, consistent with law, to consider whether any changes to the practices would be appropriate,” it said. Specifically, the CFPB is using this RFI to solicit feedback on ...
The CFPB issued its fifth request for information as a part of Acting Director Mick Mulvaney’s “call for evidence,” this one on external engagements. The bureau “seeks comments and information from interested parties to assist [it] in assessing its public and non-public external engagements,” it said. The CFPB asked for input on all aspects of conducting external engagements, including but not limited to field hearings, town halls, roundtables, and meetings of the Advisory Board and Councils to “maximize ...