CFPB leader not backing down on lending discrimination cases

CFPB leader not backing down on lending discrimination cases

Mortgage lending loosens in June Australians will be able to get a bigger mortgage if APRA goes ahead with plans to loosen the current requirement for banks to use a minimum 7 per cent interest rate when assessing borrowers.

 · Back in the old days, if you couldn’t make your car payment, you had to watch out for the repo man. Now, the repo man is a robot that rides around in a little device under your dashboard.. Miss a payment, and the car becomes a hunk of useless metal – immobilized by a starter blocking device triggered from cyberspace.

Is Trump chilling out? – (Usual caveat: Nobody really knows what Trump will ultimately do, not even. s new leadership to undermine its mission. “Strong majorities across parties disagree with [Acting CFPB Director Mick].

Moody’s: Single-family rental equity securitization poses more risk Viewpoint: Wait, You Mean the Foreclosure Freeze Didn’t Work? Wells Fargo "will continue to work with our customers to find solutions up to the actual point of a foreclosure sale," a wells fargo spokesman says. "But the expiration of foreclosure moratoriums is having an impact." Both Fannie and Freddie have stepped up sales of foreclosed properties since their moratoriums ended on March 31.According to Moody’s, single-family rental companies spent between between $20 million and $30 million on home purchases per month in 2016. In 2013, it was around $100 million per month.

The data demonstrate that under CFPB Director Cordray, fair lending enforcement was a priority with a sharp increase in cases brought, and an even larger increase in fines and settlements.

The CFPB has sued several for-profit colleges for predatory lending practices, including ITT Educational Services, which announced last year that it planned to shut down. case, citing federal.

Obama Scorecard: Housing headed in right direction Seattle Transit Blog – Covering Transit and Land Use in. – As expected, the state legislature declined to pass Tim Eyman’s $30 flat car tab initiative, so it is headed to the November ballot. Check out the full list of cuts at the No on I-976 campaign website, as well as Permanent Defense’s campaign flyer.Sound Transit would suffer a revenue loss of about 12%, threatening many of the projects just approved in 2016.

Under Director Cordray, the cfpb announced 15 student lending related cases with an average of $47.5 million in consumer relief per case. Under the Trump Administration’s leadership, the CFPB has not announced or resolved a single student lending enforcement case.

Lending CFPB leader not backing down on lending discrimination cases Disparate impact legal theory stands for now

For example, the relief rate jumped to 18% for the 5,000 cases that actually were decided on the merits (the remaining cases were either dismissed for not being filed on time, ruled to be outside.

The CFPB has issued a new annual report covering its fair lending activities during 2017. Since Mick Mulvaney did not become Acting Director until the end of November 2017, the fair lending activities described in the report largely took place under former Director Cordray’s leadership.

In contrast, under founding director Richard Cordray, the CFPB filed 15 cases and recovered $712 million for students that had been wronged, and 11 cases for lending discrimination, recovering.

Liquidation rates shrink, despite rise in short sales: Morningstar JPMorgan U.S. Large Cap Core Plus Fund also worked against relative performance this period. This fund pursues a so-called 130/30 strategy, in which the manager engages in short sales of what it expects to be poor-performing stocks, then uses the cash to invest in shares that it believes may outperform the market.

Potential Bureau rulemaking might focus on application of the Court’s holdings to ECOA. Such a rule would be more durable than the Bureau’s earlier fair lending bulletin, remaining in effect unless altered by later rulemaking (and thus surviving any future leadership change at the Bureau).

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