Tag: Consumer Financial Protection Bureau (CFPB)
With its fate hanging in the balance, it’s a good time to remember the Consumer Financial Protection Bureau arose out of subprime mortgage scams like these. A mother who moved her young children out of coveted government-subsidized housing after a loan broker told her she could afford a house. Foreclosure ensued immediately. A woman wanted…
The Consumer Financial Protection Bureau (CFPB), an agency created under the Dodd-Frank legislation (and whose creation I applaud), recently released a report on reverse mortgages. The report is quite negative – in my view excessively negative – and the press summaries omit any of the nuances in the original document, which make it sound even…
