Cordray Previews Regulatory Review

As it kicks off its five-year retrospective review of the Dodd-Frank remittance and mortgage rules, the Consumer Financial Protection Bureau is “sensitive” to the compliance burden of further changes to the rules, CFPB Director Richard Cordray said today.

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ABA Survey: Non-QM Lending Fell in 2016 as Banks Grapple with Reg Burden

An overwhelming 95 percent of bankers agreed that regulation has had a negative impact on business production and consumer credit availability, according to the American Bankers Association’s Real Estate Lending Survey released today during the association’s annual Real Estate Lending Conference in Orlando, Fla.

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CFPB Proposal Would Harmonize Reg B and C Compliance

The Consumer Financial Protection Bureau issued a proposal on Friday to provide flexibility for lenders around the collection of applicants' demographic data under the Home Mortgage Disclosure Act (Regulation C) and the Equal Credit Opportunity Act (Regulation B).

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