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Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

Sen. Elizabeth Warren Slams Elon Musk’s ‘Delete the CFPB’

by Phil Hall | Dec 23, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has criticized Elon Musk’s call to shut down the Consumer Financial Protection Bureau (CFPB), an agency that she helped create. Last month, Musk took to X to declare, “Delete CFPB. There are too many duplicative regulatory agencies.” Musk...
CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers

CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers

by Phil Hall | Dec 19, 2024 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) published a report this week detailing the negative experiences of homeowners faced with their mortgage company after divorce or the death of an original borrower. According to the CFPB, many homeowners claimed their...

CFPB Finalizes Rule on PACE Loan Protections

by Phil Hall | Dec 18, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has finalized a rule covering existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid...
Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

by Phil Hall | Dec 2, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is reportedly rushing to complete new rulemaking ahead of the transition to Donald Trump’s second presidential administration. According to a Reuters report sourced from three unnamed “people familiar with the...
Report: CFPB Pushing Ahead on Rulemaking Before Trump’s Return

CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining

by Phil Hall | Nov 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve charges that Townstone Financial, a nonbank mortgage broker and lender, intentionally discriminated against predominantly Black neighborhoods in Chicago in violation of the Equal...
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