Hurricane Ian traumatized Floridians & their home nestegg

a

Unable to use the embedded player? Listen here.

EPISODE #744
The CFPB wants to hear from you

The Consumer Financial Protection Bureau (Bureau or CFPB) is seeking comment from the public about (1) ways to facilitate mortgage refinances for consumers who would benefit from refinancing, especially consumers with smaller loan balances; and (2) ways to reduce risks for consumers who experience disruptions in their financial situation that could interfere with their ability to remain current on their mortgage payments. The press release refers to this solicitation as a Request for Information (RFI).

Other Stories:

  • Don’t Be Complacent During The “Critical Retirement Decision” Zone

  • Hurricane Ian traumatized Floridians. It also erased their nest egg

reverse mortgage podcastreverse mortgage podcast

Podcast E648: Some Worried About a Revived CFPB


Unable to use the embedded player? Listen here.

Wallstreet isn’t the only one worried about a revived CFPB

“Banks should be prepared for more aggressive enforcement and an expansion of the CFPB’s authority through its rulemakings,” said Rachel Rodman, a former CFPB lawyer who now represents banks as a partner at Cadwalader, Wickersham & Taft LLP in Washington. She expects the agency to be “more likely to bring an enforcement action, pursue novel legal theories and more likely to demand higher penalties.”

.

Other Stories:

  • Biden has chosen our future Secretary of Housing and Urban Development

  • Here’s how a reverse mortgage can help high-net-worth clients

    reverse mortgage podcast

reverse mortgage podcast