More states are joining the chorus of calls to enforce consumer laws more rigorously, as the Consumer Financial Protection Bureau shows signs of reducing its oversight responsibility. So far, at least four states have created state watchdog agencies akin to the CFPB. The Pennsylvania Attorney General’s Office in July 2017 established a consumer financial protection unit, which focuses on mortgage issues, debt collection, payday lending and auto financing. Roughly 15 of its 25 attorneys ...
California lawmakers are considering creating a state-level watchdog agency akin to the Consumer Financial Protection Bureau to enhance enforcement of consumer laws and fill the void left by the federal agency.
Investment demand for data-center real estate investment trusts is likely to grow given the expanding demand for technology services, and it will not be risky, Morningstar Credit Ratings said in a new report.
The housing-finance reform outline from Senate Banking Committee Chairman Mike Crapo, R-ID, got its first airing on Capitol Hill this week with most witnesses giving it a thumbs up while cautioning the devil is in the details.
Industry groups over the past few months have repeatedly asked the Consumer Financial Protection Bureau to revise its rule regarding how loan originators are paid and make the is-sue a “top priority.”
Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”