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Home » Authors » Yemeng Yang

Articles by Yemeng Yang

CFPB Bans Broker for Cheating Veterans

August 26, 2019
Yemeng Yang
A broker agreed to pay roughly $275,000 to settle allegations related to pension scams in a proposed consent order with the CFPB and the Arkansas State Attorney General.
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Appointment of CFPB Ombudsman Sparks Debate

August 26, 2019
Yemeng Yang
The CFPB named a high-ranking official of a student loan servicer as the bureau’s private education loan ombudsman. The move has drawn criticism from consumer groups.
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Other News in Brief

August 26, 2019
Yemeng Yang

New York Raises Mortgage Servicing Requirements

August 26, 2019
Yemeng Yang
As a leader of consumer protections at the state level, New York recently enacted legislation to prevent mortgage scams and impose additional obligations on mortgage servicers.
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FDIC Greenlights Appraisal Rule with CFPB Support

August 26, 2019
Yemeng Yang
The Federal Deposit Insurance Corp. voted unanimously to approve a rule that would expand the universe of non-agency mortgages that don’t require an appraisal. Consumer groups are angry that CFPB supports it.
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Court Says Email PDF Links Aren't 'Communications'

August 26, 2019
Yemeng Yang
The Seventh Circuit Court recently ruled that emails containing only hyperlinks do not qualify as “communication” under the Fair Debt Collection Practices Act, which may have ramifications for the CFPB’s debt collection proposal.
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Climate Change Fears Sway Millennials’ Mortgage Choice

August 23, 2019
Yemeng Yang
Worried that climate change will affect their homes or communities during their lifetime, a majority of millennials are looking to buy in lower-risk areas, according to Zillow.
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China Securitization Market Facing Growing Pains

August 22, 2019
Yemeng Yang
With more transactions given the go-ahead, China’s RMBS and auto loan ABS sectors face new challenges, according to S&P.
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Lenders Turn to Appendix Q As QM ‘Patch’ Nears End

August 22, 2019
Yemeng Yang
With the “patch” set to expire as scheduled, lenders are pushing for changes to the Appendix Q documentation requirements.
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OCC May Block CRA Credit on Loans to the Wealthy

August 15, 2019
Yemeng Yang
The OCC may limit banks’ ability to receive CRA credit for lending to higher-income borrowers living in low- and moderate-income areas.
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