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Home » Topics » News » Inside the CFPB

Inside the CFPB
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DOJ: CFPB Actions Can Survive Unconstitutionality Ruling

November 12, 2019
Yemeng Yang
The Justice Department and the Consumer Financial Protection Bureau in a recent court filing said the agency’s past enforcement actions can survive even if the U.S. Supreme Court finds its structure unconstitutional.
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CFPB Invites Public Comment on Disclosure Testing

November 4, 2019
Yemeng Yang
The bureau is seeking reapproval for its modified disclosure testing plan to allow industry stakeholders an opportunity to comment. The move indicates that the test results can influence CFPB’s rulemaking.
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New QM Rule Should Level the Playing Field: FHFA

November 4, 2019
Yemeng Yang
The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to provide assistance toward the development of new qualified mortgage standards.
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NYDFS Investigates Foreclosure Fraud

November 4, 2019
Yemeng Yang
New York’s governor recently directed the New York State Department of Financial Services to investigate instances of alleged mortgage deed fraud in Brooklyn.
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Other News in Brief

November 4, 2019
Yemeng Yang

The CFPB will hold a symposium Wednesday to discuss data collection on small business lending; Supreme Court sets briefing schedule in Seila Law v. CFPB.


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Lawmakers Debate LGBTQ and HMDA Data Collection

November 4, 2019
Yemeng Yang
Rep. Patrick McHenry of North Carolina questioned whether the collection requirements under HMDA contribute to lending discrimination towards the LGBTQ community.
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Study Shows Impact of CFPB High-Cost Mortgage Rule

November 4, 2019
Yemeng Yang
A recent study found that a substantial portion of lenders reduced interest rates to avoid being subject to the CFPB regulation regarding high-cost mortgages.
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Senators Urge CFPB to Investigate Student Loan Servicer

November 4, 2019
Yemeng Yang
Nearly two dozen Democratic senators urged the CFPB to immediately open an enforcement investigation into a servicer’s management of a student loan forgiveness program.
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Disparate Impact, a Missing Piece in Fair Lending?

November 1, 2019
Yemeng Yang
The CFPB nowadays is less active in addressing fair lending concerns via enforcement actions, particularly in cases relating to disparate impact. The bureau did not initiate or complete a single fair lending enforcement action from October 2018 to March 2019.
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CFPB Constitutionality Case Halts Enforcement Proceedings

October 30, 2019
Yemeng Yang
Lower courts have started to put on hold CFPB enforcement litigation, pending a final decision by the Supreme Court on whether the bureau’s single-director leadership structure is constitutional.
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