Short Takes: Tim Mayopoulos Lands / More Hires at Blend / Bill Dallas and ‘The End of Easy’ / The Government Shutdown and Desperate Measures / SCOTUS and the CFPB January 22, 2019 Paul Muolo and Yemeng Yang Finance of America is calling 2019 'End of the Easy'...Read More
Consumer Complaints Up 3.8 Percent in 2018. Mortgage Gripes Tank January 15, 2019 Yemeng Yang Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...Read More
CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More January 11, 2019 Brandon Ivey and Yemeng Yang The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…Read More
Employee Satisfaction at the CFPB Plunges December 31, 2018 Yemeng Yang A CFPB spokesperson said that 2018 was, no doubt, “a tumultuous year of great change.”Read More
Democrats Take Issue With Mulvaney’s Past Moves at the CFPB, MLA Becomes a Focus December 27, 2018 Yemeng Yang Roughly 24 Democrats, led by Rep. Maxine Waters, CA, recently sent a letter to Kraninger arguing that the CFPB has the authority to supervise entities under the MLA.Read More
Kraninger Kicks the BCFP Name to the Curb, Though Not Entirely December 20, 2018 Yemeng Yang Kathy Kraninger: “In other words, we have a legal name but will be using our colloquial name and the branded acronym ‘CFPB.’”Read More
A Kinder, Gentler CFPB Under Kathy Kraninger? BCFP or CFPB? December 14, 2018 Yemeng Yang Kraninger said she will make a “near-term” decision on changing the agency’s name…Read More
Cost-Benefit Analysis Likely Focus of New CFPB Leadership December 12, 2018 Yemeng Yang The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500. Read More
New CFPB Chief Plans a Three-Month ‘Listening Tour’ December 12, 2018 Yemeng Yang Kraninger on the recent name change of the agency: “I care more about what the agency does than what it is called…”Read More
CFPB Imposes Zero Civil Money Penalty for Violations, Again December 11, 2018 Yemeng Yang The CFPB alleged that State Farm violated the Fair Credit Reporting Act.Read More