Mortgage Reform

CFPB Director Rohit Chopra Addresses Mortgage Post-Crisis Reforms and Importance of Consumer Protection Regulations

By Erik L. Johnson on September 15, 2023

Posted in CFPB, Mortgages, Regulatory and Enforcement

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra recently addressed The Mortgage Collaborative National Conference recounting the Congressional response to the mortgage industry crisis that began in 2008 that resulted in the creation of the CFPB. Mr. Chopra emphasized that challenges to the validity and authority of the CFPB could hurt the stability of the U.S.… Continue Reading

Congress showing increasing interest in Ability to Repay/QM Rule

By Richard J. Andreano, Jr. on July 13, 2012

Posted in CFPB Rulemaking, Mortgages, Regulatory and Enforcement

On Wednesday July 11, 2012 the House Subcommittee on Financial Institutions and Consumer Credit held a hearing addressing consumer and market perspectives of mortgage reforms made by The Dodd-Frank Wall Street Reform and Consumer Protection Act. Both consumer and industry members provided testimony, including the Mortgage Bankers Association [PDF] and American Bankers Association [PDF].… Continue Reading