Adding Government Agencies is Hurting Home Buyers
America / CFPB / Regulation

Adding Government Agencies is Hurting Home Buyers

When Americans make the monumental decision to purchase a new home, they must endure the complicated process of attaining a mortgage. Many factors are involved in this process. One of which is paying for the real estate settlement services that are involved in home buying. Examples of said services include real estate agents and brokers, … Continue reading

How Small Programs Hidden in Dodd Frank are Costing Americans Big Money
CFPB / Regulation

How Small Programs Hidden in Dodd Frank are Costing Americans Big Money

More than five years following the passage of The Dodd-Frank Wall Street Reform and Protection Act (Dodd-Frank), the question of necessity of such an extraordinarily large and overbearing act persists. This enormous document was introduced to address the issues existing in the financial system, specifically to prevent another financial crisis, but it appears to have … Continue reading

Improving the Consumer Financial Protection Bureau
CFPB / Regulation

Improving the Consumer Financial Protection Bureau

It has been more than two years since the creation of the Consumer Financial Protection Bureau (CFPB), a Dodd-Frank requirement intended to regulate financial services and to protect Americans from another financial crisis. Despite start-up challenges, lawsuits questioning its legitimacy, accusations that it is too powerful, and the controversial recess appointment of Director Richard Cordray, … Continue reading

CFPB / Economy / Regulation

On the Road to Clarity with New Lending Rule from Consumer Financial Protection Bureau

On Thursday, January 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued one of its most anticipated rules, the Ability-to Repay Rule. This rule attempts to redress, at least in part, what led to the housing bubble and the resulting financial crisis by ensuring what Richard Cordray, the director of the CFPB, describes as “responsible … Continue reading

America / CFPB / Economy / Regulation / Uncategorized

Too Small To Bail: Regulations Eating Away at Small Businesses

The Bada Bing food truck has been cruising the streets of Arlington, VA, schlepping their signature fare for almost two years. Their relatively inexpensive spiedies (an upstate New York specialty) and Philly-style cheesesteaks have clearly filled a market niche as their long lines and expanding twitter followers attest to. But Bada Bing and legions of … Continue reading

America / CFPB / Economy / Other / Regulation / Uncategorized

Rebuilding and Altering the Consumer Financial Protection Bureau

Deep Breath Before the Plunge It would be an understatement if the hearing on February 8th, 2011 would be considered as anything less than tame. During opening statements alone, which were typically no longer than two minutes, both attacks and decibels were on the rise. Whether on the attack or coming to the defense of … Continue reading