Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.

Republicans in Congress worry about the CFPB collecting too much data on consumers but are their concerns overblown?

Standard and Poor's is fighting back against the federal government in its $5 billion MBS fraud case.

Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks.

Although Rep. Hensarling rebuffed Cordray, the CFPB chief delivered the agency’s semi-annual report to the Senate Banking Committee Tuesday morning.

ASF suggests that one way to reduce the market share of the GSEs is to hike guaranty fees once again.

The CFPB put out a report last week that highlights problems with more than 50 “senior designation” credentials that many financial advisers use to market their services to older Americans. “With such a bewildering array of titles and acronyms, it is no wonder that older Americans are confused and misled,” said CFPB Director Richard Cordray. The report “underscores the need for consistent high-level standards of training and conduct for those advisers who want to acquire a bona fide senior designation.” The report found that the...

McConnell Wants to Make ‘Reasonable’ Reforms to the CFPB. Senate Minority Leader Mitch McConnell, R-KY, told attendees at an American Bankers Association’s government relations event last week that the Dodd‐Frank Act was “a huge mistake,” and that Congress needs to mitigate the law’s harm to the banking industry – especially through the CFPB. “We need to change the structure of [the CFPB] to make it responsible to someone,” he explained. “We’ve said we need a supervisory board to which the director reports. We think the...

Tim Duncan, a former Treasury official who helped start the CFPB, is moving closer to launching a technology initiative that will help third-party lenders stay in compliance with upcoming agency rules.Duncan notes that come January of next year, wholesalers and correspondent buyers of residential loans will be responsible for complying with consumer protection laws even though they do not produce mortgages themselves through retail means. His web venture, The Consumer Protection Platform, is designed to protect loan...

David Silberman, the CFPB’s associate director for research, markets and regulations, told four House Republican members that the bureau’s previously announced arbitration study is proceeding, reiterating its now-common rejection of any applicability of the ruling in Noel Canning v. National Labor Relations Board. The recent Canning determination “did not involve the CFPB and has no effect on the bureau’s work, including the statutorily-required study of mandatory pre-dispute arbitration agreements,” Silberman told the House...