The critical ability-to-repay provision related to the 2017 payday lending rule is likely to be scrapped by the CFPB, industry attorneys observed.

The House Financial Services Committee will target White House acting Chief of Staff Mick Mulvaney over his previous role as the interim head of the CFPB, said Maxine Waters, chairwoman of the HFSC, one of the most powerful House committees.

Scheduled speakers included Housing and Urban Development Secretary Ben Carson, Kasper and Edward DeMarco, former acting Director of the Federal Housing Finance Agency.

Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.

Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...

We understand a bit of a price war may be brewing in the non-QM market...

The CFPB, in an assessment report last week, underscored the need to resolve the status of the temporary government-sponsored enterprises “patch” under the ability-to-repay and qualified mortgage rule.

The CFPB has restricted public disclosure of certain mortgage data collected by lenders in 2018 under the Home Mortgage Disclosure Act.

The CFPB should take steps to limit the data collection burden on industry and protect data security, industry groups said in response to a request for information regarding data collections.

The CFPB defended its constitutionality in an oral argument last week before the U.S. Court of Appeals for the Ninth Circuit, but judges took issue with the for-cause removal provision.