- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: Mortgage servicers, lenders, and aggregators received welcomed news from CFPB Director Richard Cordray, who wrote in a letter to the Mortgage Bankers Association that technical errors will mean non-compliance with new "Know Before You Owe" mortgage disclosure rules. Because “there inevitably will be inadvertent errors in the early days,” ...
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Perhaps clearing its plate before November’s elections, the Consumer Financial Protection Bureau has cranked out a variety of rules, proposed rules, and amendments to rules in recent days. Joe Mont looks at what’s next on the agenda.
The Consumer Financial Protection Agency may be the most polarizing government agency ever created. It’s also one of the most resilient, given its perseverance in the face of political and legal attacks. Its ultimate fate, despite its successes, may depend on two separate challenges to its constitutionality winding their way ...
Ohio-based Fifth Third Bank will pay $20 million in penalties to the Consumer Financial Protection Bureau for allegedly opening fake bank accounts and wrongfully repossessing customers’ vehicles.
