CFPB Reform

In response to the financial crisis of 2007-08 and the Great Recession, Congress misguidedly passed Dodd-Frank. One of the main provisions within Dodd-Frank is the creation of one of the most powerful and unaccountable agencies of the federal government named the Consumer Financial Protection Bureau (CFPB). The CFPB restricts choice and access to credit for potential homebuyers.

Briefs

Repeal the Consumer Financial Protection Bureau (CFPB)

Background: In response to the financial crisis of 2007-08 and the Great Recession, Congress misguidedly passed the Wall Street Reform and Consumer Protection Act, commonly…

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Blog posts

How Congress Should Capitalize on the CFPB Being Ruled Unconstitutional

Earlier this month, the U.S. Court of Appeals for the D.C. Circuit ruled that the Consumer Financial Protection Bureau’s (CFPB) structure violates the Constitution’s separation…

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Real Estate Professional Sentinel Strategy Call 10/12/16

Last week, conservative real estate professionals from across the country joined together for our monthly Heritage Action Sentinel Strategy call. During the call we discussed…

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Court Says CFPB Structure is Unconstitutional

By Justin Posey The U.S. Court of Appeals for the District of Columbia ruled today that the structure of the Consumer Financial Protection Bureau (CFPB)…

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One Year Anniversary of TRID: Realtors and Lenders Still Having Trouble

October 3rd marked the one year anniversary of the Consumer Financial Protection Bureau’s rocky implementation of their 1,800-page TILA-RESPA Integrated Disclosure (TRID) or “Know Before…

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Court Ruling Reins in Unaccountable Financial Regulation Agency

By Diane Katz, Research Fellow in Regulatory Policy at The Heritage Foundation The very first line of today’s court ruling in PHH Corporation v. Consumer…

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Politics of Finance on Full Display Thanks to Wells Fargo

By Heritage Foundation Financial Regulations Scholar Norbert Michel Politics should not trump sound economic policy, but it often does, especially with regard to regulating financial markets.…

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Small-Dollar Loans: How the Latest Rules from the CFPB Are Likely to Harm Millions of Consumers

https://www.youtube.com/watch?v=ed7DpdlhoeE The Consumer Financial Protection Bureau (CFPB) has issued its proposed rule for “Payday, Vehicle Title, and Certain High-Cost Installment Loans.”  The proposal is open…

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PHH vs. CFPB

By Gloria Taylor The regulatory behemoth created by Dodd-Frank, the Consumer Financial Protection Bureau (CFPB), could be in hot water as the D.C. Circuit Court…

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Real Estate Professional Sentinel Strategy Call 08/10/16

Yesterday, conservative real estate professionals from across the country joined together for our second Heritage Action monthly sentinel strategy call. During the call we discussed…

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CFPB Announces Slight Changes to “Know Before you Owe” Rule

On July 29th, the Consumer Financial Protection Bureau (CFPB) publicly announced changes to its problematic TRID or “Know Before you Owe” rule after issuing a…

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CFPB Exceeds its Authority Again

Guest Blog: Natalie Wyman The Consumer Financial Protection Bureau (CFPB) was created by Dodd-Frank in 2010 as a federal agency that would protect consumers by…

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Sentinel Real Estate Professionals CFPB Letter on TRID and Dodd-Frank Reform

Heritage Action Sentinel Real Estate Professionals sent a letter to the Consumer Financial Protection Bureau (CFPB) calling on the bureau to reform its costly and…

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NAR Meets with CFPB, Sends Letter Asking for TRID Guidance

Earlier this month, the National Association of Realtors (NAR) sent a letter to the Consumer Financial Protection Bureau (CFPB) asking for additional guidance on the…

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Financial CHOICE Act Represents Major First Step to Repeal Dodd-Frank

Guest Blog: Authored by Heritage Foundation financial regulation expert Norbert Michel. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is among the most inappropriately named laws…

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CFPB to Reopen “Know Before You Owe” Rulemaking

The Consumer Financial Protection Bureau (CFPB) recently announced it will reopen the unpopular “Know Before You Owe” rule to potential modifications this summer. The rule,…

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House Republicans take steps to rein in CFPB and Dodd-Frank

Last week, the House Financial Services committee passed two separate bills addressing significant legislation impacting mortgage lenders, banks, and real estate agents. The first, introduced…

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Increase in Home Prices a Result of More Federal Regulation

Earlier this week, the Housing and Insurance subcommittee held a hearing entitled “The Future of Housing in America: Government Regulations and the High Cost of…

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New federal rules on Closing Disclosures creating trouble for real estate agents

The Consumer Financial Protection Bureau’s (CFPB) new rule surrounding federal real estate settlement procedures is causing lenders and title companies to refuse to provide closing…

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Length of time to close mortgage loans going up

According to a news report from Ellie Mae, the average time it takes for new home buyers to close a loan increased 4 days since…

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