Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced today that the bureau will drop its case against mortgage lender PHH Corp.
A federal appeals court today upheld the constitutionality of the Consumer Financial Protection Bureau’s leadership structure — a single powerful director who can be removed by the president only “for cause,” not at will — reversing a three-judge panel’s decision in 2016.
The laws surrounding the federal statute of limitations have been well established for years. But recently, the SEC and CFPB have attempted to go back on years of legal jurisprudence and upend those laws.
Do social media comments belong in the public CRA file… and more.
The full D.C. Circuit Court of Appeals today agreed to hear the appeal in PHH Mortgage v. Consumer Financial Protection Bureau, a closely watched case over whether the CFPB’s leadership structure — a single powerful director who cannot be removed at will by the president — is constitutional.
The Consumer Financial Protection Bureau’s leadership structure — a single powerful director who cannot be removed at will by the president — is unconstitutional, according to a ruling by a panel of judges on the D.C. Circuit Court of Appeals today.
While the constitutional issue of the CFPB’s structure will get the most notice in the headlines, the industry cannot afford to overlook these other issues at stake in the ongoing lawsuit between the bureau and PHH Corp.
The Consumer Financial Protection Bureau issued a bulletin today describing its findings that Marketing Services Agreements are often used as a means to circumvent RESPA’s prohibitions on kickbacks and referral fees under the Real Estate Settlement Procedures Act’s Section 8 provisions.
A Fifth Circuit ruling in Barzelis v. Flagstar Bank F.S.B. will raise questions about how to define a “borrower” under RESPA.