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House Dems Question CFPB Enforcement Actions

October 21, 2019
Yemeng Yang
CFPB Director Kathy Kraninger was grilled by Democratic lawmakers regarding enforcement actions during hearings on Capitol Hill. Other topics such as fair lending, innovation policies and qualified-mortgage patch were also on the agenda.
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CFPB Constitutionality Case Not on SCOTUS Review List

October 17, 2019
Yemeng Yang
A case challenging the consumer watchdog’s constitutionality was not listed for SCOTUS review on Tuesday. Meaning?
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CFPB’s Task Force to Identify Regulatory Gaps

October 17, 2019
Yemeng Yang
The bureau is creating a task force to research and analyze federal consumer financial laws, including mortgage-related regulations.
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LendingClub Launches New Platform for Institutional Investors

October 17, 2019
Yemeng Yang
The online marketplace’s new platform for institutional investors to purchase unsecured consumer loans is aimed at increasing liquidity.
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Fannie HQ Building Serves as Collateral in CMBS Deal

October 17, 2019
Yemeng Yang
Carr Properties is sponsoring a single-asset, single-borrower CMBS backed by a loan on a building that hosts Fannie Mae’s new headquarters.
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CMBS Sector Expected to Weather the Slowing Economy

October 10, 2019
Yemeng Yang
The commercial MBS sector will show steady performance in a slowing economy during the fourth quarter, according to rating agencies.
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Lenders Seek to Undo CFPB Enforcement Actions

October 10, 2019
Yemeng Yang
With the CFPB ceasing to defend its constitutionality, financial institutions are challenging the bureau’s enforcement actions.
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Lawmakers Differ Sharply on CFPB’s Debt Collection Rule

October 7, 2019
Yemeng Yang
A recent House hearing highlighted differences on how the CFPB should strengthen fair debt collection practices.
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Connecticut Lender Questions Licensing Law Interpretation

October 7, 2019
Yemeng Yang
A mortgage lender is taking on the state of Connecticut over its interpretation of licensing laws, which it claims put it out of business.
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New SCOTUS Petition on CFPB Constitutionality

October 7, 2019
Yemeng Yang
All American Check Cashing’s petition before the SCOTUS presents a new question: what is the remedy if the bureau’s leadership structure is found to be unconstitutional?
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