The White House has announced a series of new administration appointments, including the long-awaited nominee for a new FHA Commissioner and an interesting appointment of the Acting CFPB Director for a position at HUD.
The U.S. Supreme Court decided that the single-director structure of the Federal Housing Finance Agency (FHFA) violates the Constitutional separation of powers – echoing a similar 2020 decision regarding the CFPB – and the White House will move swiftly to name a new director for the agency.
The Consumer Financial Protection Bureau (CFPB) is marking June 15’s World Elder Abuse Awareness Day with the addition of new educational resources which are designed to combat harmful practices aimed at older Americans.
With pandemic moratoriums on foreclosures and evictions set to expire soon, some have worried about a wave of foreclosures hitting the nation. That fear may not come to pass, according to reporting at Axios.
President Biden’s nominee to serve as the full-time Director of the Consumer Financial Protection Bureau (CFPB), Federal Trade Commissioner Rohit Chopra, remains unconfirmed over four months after his nomination which appears to stem from partisan concerns about the balance of power at the Federal Trade Commission (FTC).
Former Director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray has found a new job in the Biden administration, this time at the Department of Education.
Liberty Reverse Mortgage parent company Ocwen Financial Services reported strong results for Q1 2021, pointing out the performance of its reverse mortgage business while at the same time touting the dismissal of a case brought against it by the CFPB.
The Consumer Financial Protection Bureau (CFPB) has issued an enforcement action against a reverse mortgage lender, taking issue with its advertising practices. This story has been updated with a statement from the lender in question.
The CFPB has issued a request for public comment on newly-proposed rules for forward mortgage servicers, and has said it is continuing to monitor the reverse mortgage market to determine if it needs to intervene in it.
The Acting Director of the CFPB has rescinded various COVID-19 relief measures which were designed to assist financial institutions weather the pandemic, saying that they have adjusted and that consumers must come first.