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Hopes, Dreams for Actions by CFPB Conveyed to Chopra

October 11, 2021
Brandon Ivey
Rohit Chopra’s confirmation as CFPB director prompted a surge of statements from industry stakeholders. The sentiments include requests for action and compliments.
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Senate Nears Vote to Confirm Chopra as CFPB Director

September 27, 2021
Brandon Ivey
Rohit Chopra was nominated in February to serve as the CFPB’s director. However, a final vote on his appointment has been delayed in the Senate for several months due to concerns about the leadership of the Federal Trade Commission, where Chopra is currently a member.
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FHFA Restrictions on GSEs’ Use of QM Patch Continue

September 27, 2021
Brandon Ivey
The industry was hoping the FHFA and the Treasury Department would roll back the restriction placed on the GSEs’ use of the qualified mortgage patch.
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Renters Have More to Lose as COVID-Related Reliefs End

September 27, 2021
Namrata Bhatia
According to CFPB researchers, renters typically face more financial vulnerability than homeowners and hence had more to gain from some pandemic relief efforts than mortgagors.
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Other News in Brief

September 27, 2021
Brandon Ivey
Senate bill seeks to reward whistleblowers; CFPB examines complaints based on census tracts; new members appointed to CFPB advisory boards and councils.
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House Republicans Seek Answers from Uejio, Slam Chopra

July 19, 2021
Lisa Burden
Capitol Hill Republicans want CFPB Acting Director Dave Uejio to testify before Congress about the policy actions undertaken during his six-month tenure.
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Other News in Brief

July 6, 2021
Lisa Burden
Supreme Court leaves CDC moratorium intact; compliance expert Oliver joins DFPI; FTC to send refund checks; Burlington agrees to settle charges; West Virginia addresses zombie properties.
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CFPB Policy Agenda Excludes Move to Define ‘Abusiveness’

June 21, 2021
Lisa Burden
The bureau also has dropped pursuit of two rulemakings under the Home Mortgage Disclosure Act. One concerns the data points lenders must report and another is related to the public disclosure of HMDA data.
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GAO Finds CFPB’s Fair Lending Reorganization Was a Failure

June 10, 2021
Lisa Burden
Not only did it cause a loss of expertise, but it also led to a drop in enforcement actions by the consumer watchdog.
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Two Top CFPB Enforcement Officials on Their Way Out

June 10, 2021
Lisa Burden
Rohit Chopra’s nomination is in a holding pattern. Meanwhile, the CFPB is losing two high-profile enforcement attorneys and the DFPI its commissioner.
Read More
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