Matthew Doffing – Page 3

CFPB refuses to appear at Congressional hearing on employee discrimination

The Consumer Financial Protection Bureau said it will not attend the April 2 hearing of the House Financial Services Committee on employee discrimination at the bureau.

FOIA suit brought against CFPB over its headquarters renovation

The CFPB has attracted scrutiny from Republican congressmen and conservative watchdogs over its headquarters renovation.

Bank consultant and past FDIC chairman raise concerns about CFPB

The Consumer Financial Protection Bureau may not regulate community banks directly but it is affecting the actions of banks’ primary regulators, commented speakers at a conference last month in Milwaukee.

Antonakes: CFPB done playing softball on mortgage servicing

The Consumer Financial Protection Bureau’s fuse has run out for mortgage servicers that are behind in implementing the agencies rules, according to CFPB Deputy Director Steve Antonakes, who spoke to the Mortgage Bankers Association in Orlando, Fla., on Feb. 19.

Banks in a bind on CFPB tracking of customer data

The Consumer Financial Protection Bureau is amassing mortgage and card data of bank customers across the country. From the standpoint of reducing banks’ mortgage compliance burden, the bureau’s project has the potential to help banks.

Community bankers report to Fed on QM rule and tech-competitors for payment

Community bank members of the Federal Reserve’s Community Depository Institutions Advisory Council told the Fed community banks will wait to implement the Consumer Financial Protection Bureau’s mortgage framework until the law has been tested in court, according to Brian Johnson, CEO of Choice Financial Group, Grand Forks, N.D.

CFPB consolidates mortgage disclosure forms

On Nov. 20, the Consumer Financial Protection Bureau combined two sets of disclosures: those given to consumers after they apply for a loan and those given consumers before finalizing a loan.

Cordray reassures bankers about mortgage rules in impromptu Q&A

In an unrehearsed, question-and-answers session at the American Bankers Association’s annual convention, Consumer Financial Protection Bureau Director Richard Cordray didn’t mince words about the bureau’s mortgage rules which take effect in January 2014. After implementation, regulators will need a few months before they can examine around the new rules in a meaningful way, he said, adding that regulators will work with banks so long as they make good faith efforts to comply with the rules.

Suit challenging CFPB’s constitutionality defeated without trial

On October 17, the Consumer Financial Protection Bureau avoided trial in a lawsuit brought by a litigation support company, Morgan Drexen Inc., which challenged the CFPB’s constitutional right to exist. U.S. District Judge Colleen Kollar-Kotelly sided with the CFPB.

CFPB holds firm on the effective date for its mortgage rules, but promises to be ‘reasonable’

In response to data released by the American Bankers Association meant to convince the CFPB to delay the effective date of its mortgage rules, CFPB Director Richard Cordray said the bureau will not change the onset date of its rules, which go into effect January 2014.