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Home » Authors » Yemeng Yang

Yemeng Yang

news@imfpubs.com
Articles

ARTICLES

Bill Seeks to Ban Credit Bureaus from Creating Trigger Leads

February 18, 2020
Yemeng Yang
Legislation was introduced in the House to prohibit credit bureaus from creating and selling trigger leads. Brokers support the bill.
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Credit Card Lawsuit Points to Enforcement Inconsistency

February 18, 2020
Yemeng Yang
The CFPB late January sued Citizens Bank for alleged credit card errors. The lawsuit raises questions about consistency in the bureau’s enforcement strategy under its current leadership.
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CFPB Defends NY Challenge to its Funding Source

February 18, 2020
Yemeng Yang
Before a district court in New York, the CFPB argued that its funding source, which falls outside the appropriations process, is constitutional. The case stems from a dispute arising out of a civil investigative demand.
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Fitch Wary of CFPB’s Pricing Threshold Proposal for QM

February 18, 2020
Yemeng Yang
Fitch Ratings raised concerns about the CFPB’s plan to move away from the debt-to-income ratio in defining a qualified mortgage. It believes the DTI ratio is a better predictor of borrower default risk.
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Other News in Brief

February 18, 2020
Yemeng Yang
CFPB-Education Department MOU; CFPB’s associate director for research, markets and regulation resigns; Puerto Rico reporting requirements; debt collection event.
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Coronavirus Outbreak to Hit Pandemic Bonds, Aircraft ABS

February 13, 2020
Yemeng Yang
The coronavirus outbreak may strike little-known pandemic bonds issued by the World Bank in 2017. Travel restrictions in response to the outbreak may also impact ABS backed by aircraft leases.
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Are CLOs Backed by Leveraged Loans Risky?

February 13, 2020
Yemeng Yang
The Structured Finance Association has brushed aside concerns that CLOs backed by leveraged loans pose a systemic risk to the economy.
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Nonbanks Take the Lead on Social Media Strategy

February 13, 2020
Yemeng Yang
Mortgage lenders are increasingly taking advantage of social media platforms to advertise and maintain customer relationships.
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Lawmakers Differ on the Madden Fix Proposed by FDIC, OCC

February 6, 2020
Yemeng Yang
There is a stark difference between Democrats and Republicans when it comes to the proposals to codify the valid-when-made doctrine.
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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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