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House Determined to Rein in CFPB

HousingWire tells MHProNews.com a House of Representatives subcommittee will hold hearings on three bills that could impact the Consumer Financial Protection Bureau (CFPB). Although the bill the...

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TN Bank Snapped Up by Clayton

KnoxNews says Clayton Bank and Trust of Knoxville, Tennessee will take over the assets and operations of all four branches of Farmers Bank of Lynchburg, TN that were shut down by regulators on Friday,...

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Non-QM Loans Can Be OK

Federal regulators are telling their examiners to overlook non-qualified mortgage loans as long as they are underwritten well, according to what nationalmortgagenews.com tells MHProNews. The joint...

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Consumer Financial Protection Bureau Disarming Arms Merchants

Under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) can issue a cease-and-desist order to shut down any business at any time, preventing the business from re-opening until either...

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Operation Choke Point Examined by Subcommittee

The Financial Services Committee informs MHProNews that the Oversight and Investigations Subcommittee held a hearing to scrutinize the role of the Federal Deposit Insurance Corporation (FDIC) in...

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