Tag Archives: CFPB

CFPB Audits Taxing Small Banks

October 24, 2012

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It appears the Consumer Financial Protection Bureau has become Big Brother, watching small banks and mortgage lenders/brokers.  Why doesn’t the government understand that all of the rules and regulations it puts in place that require investment in programming, software, and training will end up costing the end consumer in higher fees and mortgage payments? It […]

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Lenders require third party vetting of title agents and realtors per CFPB

October 2, 2012

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In recent months, title insurance agencies across the country have received notification from several lenders explaining that, according to Bulletin 2012-03 issued April 13, 2012 by the Consumer Financial Protection Bureau (CFPB), they must be vetted through a third party risk management firm prior to wiring proceeds and obtaining clearance to close.  This vetting is […]

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Was Cordray’s Appointment to the CFPB illegal?

June 19, 2012

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President Obama appointed Richard Cordray to head the Consumer Financial Protection Bureau in a recess appointment. But was it legal? Think Big Work Small (TBWS Daily) lays out the facts here.  The CFPB was created in the Dodd Frank Bill and answers to the Federal Reserve, which is not a government entity.

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Right Reason news for April 2, 2012

April 2, 2012

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Heritage Foundation Morning Bell: The Highest Taxes in the World – We cannot blame the corporations for setting up shop outside of the United States.  As long as America has the highest corporate tax rate in the world this will continue to happen.  Corporations exist to make money and pay dividends to their investors. They […]

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