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Supreme Court Upholds CFPB Funding Structure

Supreme Court Upholds CFPB Funding Structure

by Phil Hall | May 16, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The U.S. Supreme Court issued a 7-2 ruling that declared the funding mechanism of the Consumer Financial Protection Bureau (CFPB) did not run afoul of the Appropriations Clause of the Constitution. The case, Consumer Financial Protection Bureau v. Community Financial...
Supreme Court Upholds CFPB Funding Structure

CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’

by Phil Hall | Apr 24, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is pursuing the Biden administration’s campaign against so-called junk fees by publishing an edition of Supervisory Highlights featuring what the agency described as its actions “to combat junk fees charged by mortgage...
MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

by Phil Hall | Mar 11, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The head of the Mortgage Bankers Association (MBA) has criticized the Consumer Financial Protection Bureau (CFPB) of being both “politically motivated” and ignorant regarding the closing costs process in homebuying. On Friday, the CFPB published a blog...
Supreme Court Upholds CFPB Funding Structure

CFPB Faulted on Lack of Transparency in Civil Penalty Fund Disbursement

by Phil Hall | Feb 27, 2024 | Industry Updates, Real Estate News, WRE News Exclusive

An online news site has filed a Freedom of Information Act (FOIA) request to the Consumer Financial Protection Bureau (CFPB) to produce the full list of organizations that received payments from the Civil Penalty Fund that was created when the agency was established...
Supreme Court Upholds CFPB Funding Structure

CFPB Settles Enforcement Suit Filed 10 Years Ago

by Phil Hall | Feb 8, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has announced a $12 million settlement that resolves an enforcement suit brought 10 years ago against a foreclosure relief operation that the agency identified as a scam. In May 2014, the CFPB filed a complaint against...
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