Enforcement

'Regulation by enforcement' makes compliance unpredictable, new MBA chair says

10/23/17

The CFPB's practice of "regulation by enforcement" forces mortgage companies to develop compliance standards based on the mistakes of their peers, rather than clear guidance from the enforcement agency, said David Motley, the new chairman of the Mortgage Bankers Association.

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CFPB's enforcement chief to leave

10/13/17

The Consumer Financial Protection Bureau said Friday that Anthony Alexis, the agency's enforcement chief, plans to leave the agency after more than five and a half years.

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Mortgage crisis bites back in Wells' 3Q

10/13/17

Wells Fargo took a surprise $1 billion charge in the quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

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House report on CFPB's Wells Fargo investigation is no smoking gun

09/28/17

The GOP inquiry appears aimed at providing more ammunition for potentially ousting Director Richard Cordray, but the report's impact may be limited.

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The <em>real</em> reason home-field advantage threatens foreign banks

09/21/17

Unlike a visiting sports team, foreign banks can't just blame local referees they perceive as biased for penalties or fines.

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CFPB reveals what new HMDA data will, and won't, be made public

09/20/17

A Consumer Financial Protection Bureau proposal would limit how much Home Mortgage Disclosure Act data is released to the public in an effort to protect consumer privacy.

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Good news for fintech seen in CFPB’s ‘no-action’ move

09/15/17

The Upstart Network's CEO, Dave Girouard, explains how the online lender worked with a normally aggressive federal regulator to balance the needs for innovation and consumer protection.

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As uncertainty swirls, CFPB keeps on regulating

09/14/17

The Consumer Financial Protection Bureau may face an unsteady political environment, but a new report on CFPB supervisory priorities has experts warning banks not to rest on their laurels.

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How a community bank took the fall for the financial crisis

09/12/17

A new documentary airing on PBS Tuesday raises questions about why prosecutors targeted a small bank after the financial crisis and left bigger institutions untouched.

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Senate panel may again probe Wells scandals

09/07/17

Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, said he is considering holding another hearing on Wells Fargo following the bank's recent missteps.

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