Could the CFPB be worried that its ability-to-repay/qualified mortgage rule is already contracting the availability of mortgage credit? In his remarks earlier this week to the Credit Union National Association, Director Richard Cordray told mortgage executives that “the current mortgage market is so tight that lenders are leaving good money on the table by not… More >
Tag Archives: credit union
Reader of CFPB Monitor reports on April 13 Richard Cordray Q&A with SD community bankers and credit unions
Posted in CFPB General, Hot Issues, Mortgages, Payday LendingWe received an email from one of our readers, reporting on a recent meeting between CFPB Director Cordray and representatives of the South Dakota banking and credit union industries. We very much appreciate the report and encourage other readers to share their observations with us. Topics addressed in the meeting included the impact of consumer… More >
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