On July 10, 2017, in a surprise move, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its long awaited final rule on arbitration (Final Arbitration Rule). This rule-making has been a lightning rod issue for...more
7/15/2017
/ Arbitration Agreements ,
Class Action Arbitration Waivers ,
Congressional Committees ,
Congressional Review Act ,
Consumer Credit Protection ,
Consumer Financial Contracts ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collectors ,
Debt Settlement Services ,
Final Rules ,
Mortgage Lenders ,
Mortgage Servicers ,
Obama Administration ,
Real Estate Professionals ,
Richard Cordray ,
Third-Party Service Provider ,
Trump Administration
On April 12, 2016, a panel of the U.S. Court of Appeals for the D.C. Circuit heard oral argument in PHH Corporation’s (PHH) milestone legal battle with the Consumer Financial Protection Bureau (Bureau). During the argument,...more
4/19/2016
/ Consumer Financial Protection Bureau (CFPB) ,
HUD ,
Kickbacks ,
Market Rate ,
Mortgage Insurance ,
Mortgage Lenders ,
Reinsurance ,
RESPA ,
Richard Cordray ,
Section 8(a) ,
Statute of Limitations
The Director of the Federal Consumer Financial Protection Bureau (CFPB), Richard Cordray, issued a decision yesterday in the first appeal of a Bureau administrative enforcement action.
Cordray’s decision upholds in part,...more
6/5/2015
/ Administrative Appeals ,
Administrative Law Judge (ALJ) ,
Consumer Financial Protection Bureau (CFPB) ,
Disgorgement ,
Dodd-Frank ,
Enforcement Actions ,
HUD ,
Injunctive Relief ,
Kickbacks ,
Mortgage Insurance ,
Referral Fees ,
Reinsurance ,
RESPA ,
Richard Cordray ,
Securities and Exchange Commission (SEC) ,
Statute of Limitations ,
Title X