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 […]

This is insanity! A  lender rejected an appraisal under the Equal Credit Opportunity Act because there was a black cat in two of the photos. Are you kidding me?  

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.