Compliance and Legal Support

CFPB Files Appeal of Fifth Circuit Decision Holding Bureau’s Funding Scheme Unconstitutional

On November 14, 2022 the CFPB filed a petition for a writ of certiorari with the United States Supreme Court, seeking to overturn the Fifth’s Circuit opinion in Community Financial Services Association of America (CFSA) v. CFPB, which vacated the ... Read More

Jay Beitel’s Insights on Constitutionality of CFPB’s Funding Through the Federal Reserve Featured in Trade Media

On October 19, the U.S. Court of Appeals for the Fifth Circuit ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional, as it violates the separation of powers clause because it occurs outside the ... Read More

Peter Idziak’s Commentary on Mortgage Buydowns Featured in The Washington Post

With mortgage rates continuing to climb and additional rate hikes by the Federal Reserve Open Market Committee on the horizon, affordability concerns continue to impact prospective homebuyers across the nation. Peter Idziak has identified a ... Read More

CFPB Receives Pushback on Interpretive Rule Promoting States’ Authority to Enforce The Consumer Financial Protection Act of 2010

Last month, we discussed Consumer Financial Protection Bureau’s (CFPB) May 19, 2022 Interpretive Rule, which sought to clarify the scope of state enforcement authority found in Section 1042 and other sections of the Consumer Financial Protection Act ... Read More

Marty Green Authors Article on Expansion of Community Reinvestment Act for National Mortgage Professional

The Community Reinvestment Act was originally passed by Congress in 1977 to ensure that banks receiving deposits from a community also serve that community’s credit needs by extending loans in the area. Almost 45 years later, the Board of Governors ... Read More

CFPB Clarifies Authority of States to Enforce The Consumer Financial Protection Act of 2010

On May 19th, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule clarifying the scope of state enforcement authority found in Section 1042 and other sections of the Consumer Financial Protection Act (CFPA). The rule ... Read More

Compliance and Legal Support

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