Posts Tagged ‘Consumer Financial Protection Bureau’

Bynum picked by Bureau

by MBJ Staff Published: September 30,2012

Tags: Bill Bynum, Consumer Financial Protection Bureau, Hope Credit Union

The Consumer Financial Protection Bureau (CFPB) has named Bill Bynum, CEO of HOPE (Hope Enterprise Corporation/Hope Credit Union) as vice chairman of the federal agency’s inaugural Consumer Advisory Board. Bynum will bring nearly three decades of experience in community development finance to the task of advising the agency in its efforts to help consumer finance [...] [...]

Realtors, bankers, builders concerned that new regulations will dampen housing recovery

by Ted Carter Published: June 3,2012

Tags: Consumer Financial Protection Bureau, Dodd Frank bill, Habitat for Humanity, housing, Mortgage Bankers Association, National Association of Builders, National Association of Home Builders

A provision of the Dodd-Frank banking reform law has non-profit housing provider Habitat for Humanity worried it could get into legal hot water making loans to high-risk borrowers. The Consumer Financial Protection Bureau, or CFPB, created by the banking reform legislation is setting rules for implementing qualified mortgage and ability-to-pay regulations. The measures are designed [...] [...]

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