Tag: CFPB

Supreme Court Opinion Allows CFPB to Keep Operating; President Can Remove the Director

Filed in Codes and Standards, Legal by on June 29, 2020 0 Comments
Supreme Court Opinion Allows CFPB to Keep Operating; President Can Remove the Director

In a ruling that will avoid disruptions to the nation’s mortgage and lending markets, the Supreme Court ruled today that the Consumer Financial Protection Bureau (CFPB) can continue operating but the president has the authority to remove the director “at will.”

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CFPB Proposes Two Rules to Address GSE Patch

Filed in Codes and Standards, Housing Finance by on June 22, 2020 0 Comments
CFPB Proposes Two Rules to Address GSE Patch

The Consumer Financial Protection Bureau (CFPB) issued two rulemaking proposals today to address the Government-Sponsored Enterprises patch (GSE Patch) for Fannie Mae and Freddie Mac that is set to expire in January 2021 or when Fannie and Freddie exit conservatorship, whichever comes first.

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CFPB Provides Flexibility During COVID-19 Pandemic

Filed in Codes and Standards, Housing Finance by on March 26, 2020 0 Comments
CFPB Provides Flexibility During COVID-19 Pandemic

The Consumer Financial Protection Bureau (CFPB) today announced that it is providing needed flexibility to enable financial companies to work with customers in need as they respond to the COVID-19 pandemic.

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CFPB Finalizes ‘Know Before You Owe’ Rule

Filed in Codes and Standards, Housing Finance by on April 27, 2018 0 Comments
CFPB Finalizes ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau (CFPB) has announced that it has finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers.

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CFPB Publishes Final ‘Know Before You Owe’ Rule

Filed in Codes and Standards, Housing Finance by on July 10, 2017 0 Comments
CFPB Publishes Final ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau on July 7 published final updates to its “Know Before You Owe” mortgage rule, offering amendments on finance charge disclosures, disclosures tied to housing assistance that a borrower receives, and when information can be shared with third-parties, including real estate agents.

Of particular interest to NAHB, the final rule clarifies disclosures for construction and construction-to-permanent loans addressing many of the concerns lenders have expressed in making these loans.

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Court Wants Changes for CFPB

Filed in Codes and Standards, Housing Finance, Legal by on October 12, 2016 0 Comments
Court Wants Changes for CFPB

The U.S. Court of Appeals for the District of Columbia on Oct. 11 decided an important case reining in the authority of the Consumer Financial Protection Bureau.

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NAHB Senior Officers Discuss Arbitration Agreements with CFPB Director

Filed in Codes and Standards, Legal by on August 29, 2016 2 Comments
NAHB Senior Officers Discuss Arbitration Agreements with CFPB Director

NAHB Senior Officers met with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray on Aug. 23 to air concerns over a proposed rule by the agency regarding arbitration agreements.

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CFPB Proposes Updates to ‘Know Before You Owe’ Rule

Filed in Housing Finance by on August 1, 2016 1 Comment
CFPB Proposes Updates to ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau (CFPB) on July 29 released proposed updates to its “Know Before You Owe” mortgage disclosure rule, also known as the TILA/RESPA Integrated Disclosure rule or TRID.

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Appeals Court Discusses Constitutionality of CFPB in PHH Kickback Case

Filed in Housing Finance, Legal by on April 14, 2016 0 Comments
Appeals Court Discusses Constitutionality of CFPB in PHH Kickback Case

The U.S. Court of Appeals for the District Columbia Circuit heard oral arguments on April 12 in PHH v the Consumer Financial Protection Bureau, a case regarding marketing service agreements.

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CFPB To Hold March 1 Webinar on ‘Know Before You Owe’ Rules

Filed in Housing Finance by on February 15, 2016 0 Comments
CFPB To Hold March 1 Webinar on ‘Know Before You Owe’ Rules

The Consumer Financial Protection Bureau (CFPB) has announced it will be holding a webinar on Tuesday, March 1 from 2-3 p.m. ET to “address specific questions relating to the Know Before You Owe mortgage disclosure rule and construction lending.”

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