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Home » Authors » Yemeng Yang

Articles by Yemeng Yang

Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over

October 16, 2018
Yemeng Yang
CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...
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Lenders Prepared for TRID 2.0, but Some Uncertainty Remains

October 12, 2018
Yemeng Yang
“I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.
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Short Takes: Freddie the Final Takeout on SFR Deal / Helping Reven / Gateway Mortgage Recruiting / Sen. Warren Questions Mulvaney’s Role in Fundraiser / A Promotion at Fannie Mae

October 4, 2018
Paul Muolo and Yemeng Yang
Gateway Mortgage of Oklahoma is in a hiring mode these days...
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CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief

October 3, 2018
Yemeng Yang
CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.”
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Trade Groups Seek Changes to LO Compensation Rule

October 2, 2018
Yemeng Yang
Trade groups said the rule, while well-intentioned, is causing serious problems for the mortgage industry…
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Mortgage Industry (Mostly) Ready for TRID 2.0 Compliance, but…

September 28, 2018
Yemeng Yang
“I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.
Read More

CFPB Seeks Input on Data Collection Practices

September 26, 2018
Yemeng Yang
The new request for information, issued Tuesday, solicits comments on all aspects of data collection...
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State AGs Will Fill the Void if CFPB Punts on Disparate-Impact Use

September 24, 2018
Yemeng Yang
CFPB chief Mick Mulvaney said the bureau is “no longer allowed” to make any rules about disparate impact under ECOA…
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CFPB Proposes Disclosure Sandbox

September 19, 2018
Yemeng Yang
The agency specifies that a two-year testing period would be the norm.
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They’re Back: CFPB Advisory Boards (But with Fewer Members)

September 18, 2018
Yemeng Yang
Two new members of the consumer panel come from the fintech world: Sameh Elamawy, CEO of Scratch, and Manning Field, CEO of Acorns.
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