COVID-19-related payment relief plans continued to put pressure on student loan ABS. S&P recently lowered its ratings on many FFELP student loan ABS maturing in the next three years to speculative grade.
Rohit Chopra’s nomination for director of the Consumer Financial Bureau appears to be a lock in the Senate Banking Committee. While laying out his priorities, he said the agency will not dictate housing-finance policy.
Even though the delay was more or less expected, industry watchers said the CFPB’s plan to reconsider the revised general QM final rule throws the industry deep into regulatory uncertainty.
The Financial Data and Technology Association believes this is the best way to address companies’ concerns regarding third-party supervision issues associated with financial data access.
The Federal Reserve, the OCC and the FDIC need to work together to create uniform and consistent anti-redlining laws, according to the MBA and the CSBS.
In keeping with its stated priority of addressing discrimination, the CFPB recently sued bail bond company Libre for allegedly preying on immigrants held in federal detention centers.