The Consumer Financial Protection Bureau, which celebrated its fourth birthday earlier this week, won’t see its fifth birthday if Sen. Ted Cruz, R-TX, has his way. Cruz, along with Rep. John Ratcliffe, R-TX, introduced a bill in Congress this week that would abolish the CFPB, an agency that Cruz says does not stand up to…
As reported by Associated Press on Wednesday, Jul. 22, 2015 11:30 am
John Boozman
WASHINGTON — Senate Republicans are trying to use a must-do spending bill to advance legislation significantly revising a landmark law that tightened regulation of the financial services industry after the 2008 financial crisis.
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FOR IMMEDIATE RELEASE: July 21, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FINALIZES TWO-MONTH EXTENSION OF KNOW BEFORE YOU OWE EFFECTIVE DATE Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called…
As promised, the CFPB has announced, via a proposed amendment, that the effective date of the new Joint Disclosure Rule (TRID) will be Saturday, October 3, 2015. According to the CFPB, implementation on a weekend will allow software providers the opportunity to test systems in anticipation of the workweek launch. For more information on the…
Between Best Practices coordination and the TRID implementation deadline, there has not been much room for positive news for independent land title agents. Fortunately, that is not because there has not been good news!
The CFPB announced yesterday that it had issued a new proposal to amend and move the TRID implementation deadline from August 1, 2015 to October 1, 2015 in order to address an “administrative error” that would have required the CFPB to push back implementation of the TRID rule for two weeks. Director Richard Cordray indicated…
FOR IMMEDIATE RELEASE: May 14, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau Field Hearing on Student Loans Milwaukee, Wisconsin May 14, 2015 Thank you all for joining us today in Milwaukee. Plato once said, “The direction in which education starts a man will determine…
FOR IMMEDIATE RELEASE: May 14, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU LAUNCHES PUBLIC INQUIRY INTO STUDENT LOAN SERVICING PRACTICES Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry into student loan…
OR IMMEDIATE RELEASE: May 11, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU FILES SUIT AGAINST NATIONWIDE BIWEEKLY FOR LURING CONSUMERS WITH FALSE PROMISES OF MORTGAGE SAVINGS Consumers Paid $49 Million in Fees for Deceptive Mortgage Payment Program WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit…
FOR IMMEDIATE RELEASE: May 5, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau Credit Reporting Press Call Washington, D.C. May 5, 2015 Thank you for joining us on this call. Today we are releasing a report finding that about one in 10 adults in…
