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It is obvious that there is no love lost among Republicans for the Consumer Financial Protection Bureau and its director, Richard Cordray. However, one GOP congressman’s recent tirade against the CFPB’s mortgage lending rules is worrying given the experience of the housing bust. -
Governments are often pilloried for privatisations, sometimes for years afterwards. It’s hard for them to win, with one of the biggest risks being taking the blame for underpricing the asset.
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As Navient braces itself ahead of a fight with the Consumer Financial Protection Bureau, it's arguing it's just an arm's length student loan servicer — while continuing to claim a more customer-friendly approach on its website.
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The spectacular failure by Republicans to pass healthcare reform plans through the House of Representatives makes meaningful financial reform less likely.
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Wall Street workers hoping for a regulatory sea change under president Donald Trump are going to have to adjust their expectations, as empty posts at all levels of government are set to hinder lasting reform.
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A former vice president in the CMBS group at Moody’s has filed a lawsuit against the rating agency, claiming she was the target of gender discrimination and was ultimately fired in retaliation for bringing to light illegal ratings activity.
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A move by Experian, Equifax and TransUnion to remove tax liens and civil judgement data from consumer credit reports from July 1 will be a boon to subprime consumers in the short term, but lenders and the ABS markets could suffer in the long run.
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The controversial all-male panel discussing Women in Securitization (WiS) at the SIFG conference in Las Vegas brought up valid points, but the industry must realize that lasting change has to include policing language.
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It never really went away, did it.
