Archive of posts tagged Consumer Financial Protection Bureau

Obama’s Investigative Unit: Absolving Iniquities or Slowing Progress?

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New York Attorney General Eric Schneiderman has reportedly been designated a co-chair of President Obama’s newly announced investigative team to probe the mortgage industry for past misconduct. In his State of the Union address this week, Obama announced the creation of “a special unit of federal prosecutors and leading state attorneys general” to examine the …

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New bureau plans close look at nonbank mortgage lenders

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The Consumer Financial Protection Bureau Wednesday disclosed key details about how its examiners will size up mortgage companies that aren’t banks but still offer home loans to consumers, noting it will be leaning on other regulators for help as it embarks on the enormous task of reviewing thousands of nonbank lenders. The details are crucial …

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What the new consumer protection bureau will do for home buyers

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What the new consumer protection bureau will do for home buyers Part of the financial reform bill signed into law by President Obama includes the creation of a Consumer Financial Protection Bureau, which will write new rules and monitor problems and abuses in areas such as residential real estate settlements, credit scores, “truth in lending,” …

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