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 […]
Tag Archives: CFPB
October 2, 2012
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 […]
June 19, 2012
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.
April 2, 2012
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 […]