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Inside the CFPB
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Industry and Consumer Groups Call for ATR Rulemaking on PACE Loans

October 29, 2018
A collection of industry and consumer advocacy groups jointly urged the CFPB to expeditiously start rulemaking to expand ability-to-repay requirements to Property Assessed Clean Energy (PACE) loans.
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CFPB Narrows Scope of Pending Rulemaking on Payday Lending

October 29, 2018
The CFPB said it will focus on ability-to-repay provisions as it tries to overhaul its controversial rule on payday, title and high-cost installment lending.
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Mortgage Complaints Continued to Decline by Double Digits in 3Q18

October 29, 2018
Mortgage-related consumer complaints filed with the CFPB continued to plunge in the third quarter, according to a new Inside the CFPB analysis. [Includes one data chart.]
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Democrats, States Keep the Heat on Mulvaney to Enforce the MLA

October 29, 2018
Democrats on Capitol Hill and state attorneys general are continuing their campaign to get the CFPB to enforce the Military Lending Act.
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Government Wants Court to Reconsider Recent Shareholder ‘Win’ in Breach of Good Faith Claim

October 26, 2018
The Federal Housing Finance Agency, Fannie Mae and Freddie Mac are questioning the logic behind a recent federal court ruling that appears to give investors in the government-sponsored enterprises’ stock a glimmer of hope in their legal battles with the federal government.
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A Coming Sea Change? CFPB Considers Disparate-Impact Rulemaking

October 26, 2018
Yemeng Yang
If the CFPB issues a rule on disparate impact, there could be far-reaching implications, said Andrea Mitchell, a partner at Buckley Sandler…
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Freddie’s Layton: CRTs Transforming Housing-Finance System

October 26, 2018
Carisa Chappell
Freddie CEO Don Layton: Some 90 percent of the credit risk on multifamily mortgages is being transferred…
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State Regulators Try Again with Lawsuit Against OCC Aiming to Prevent Fintech Charters for Nonbanks

October 25, 2018
Brandon Ivey
John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.
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Private MIs Push for More Transparency in GSE Pricing, Underwriting

October 25, 2018
John Bancroft
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…
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CFPB Considers Disparate-Impact Rulemaking That Attorneys Say Could Have Significant Impact

October 25, 2018
The Consumer Financial Protection Bureau hinted at possible future rulemaking on the use of the disparate-impact theory under the Equal Credit Opportunity Act. Attorneys said it would be a significant development in fair lending law.
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