Economist: TRID is Not Affecting Housing Market Potential DSNews by: Brian Honea January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]
Category: CFPB
New Proposed Bankruptcy Rules: Focus on Periodic Statements
DSNews By: By George FitzGerald The CFPB’s Judicial Conference Advisory Committee on Bankruptcy Rules has proposed a variety of changes and updates that apply to periodic statements – many of which could have important and potentially difficult implications for servicers. The periodic statement is one of the areas that – depending on the conditions required by […]
CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016
DSNews By: Brian Honea The Credit Union National Association (CUNA) has asked the Consumer Financial Protection Bureau (CFPB) to delay implementation of the TILA-RESPA Integrated Disclosure (TRID) Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016. CUNA, which represents America’s credit unions and their more than 100 million members, issued […]
Confusion Over Loan Terms, Foreclosure on Non-Borrowing Spouses Top List of Complaints to CFPB
DSNews Author: Scott Morgan February 2 A recent report from the Consumer Finance Protection Bureau that takes a look at consumer complaints in the reverse mortgage arena over a three-year period has identified seven main complaints about the process. Most of the complaints boil down to consumer confusion over the terms of a loan. The […]
Republicans Expected to Use New Majority Power to Push for CFPB Overhaul
DCNews By: Brian Honea November 7, 2014 The U.S. Midterm Elections have been over for less than a week, and already Democrats are circling the wagons to protect what will certainly be a top priority on the Republicans’ list of changes to make – the Consumer Financial Protection Bureau (CFPB). Republicans have hinted, some […]
