Some Lesser-Known Parts of Dodd-Frank Reform Could Affect You

Personal Finance

Some Lesser-Known Parts of Dodd-Frank Reform Could Affect You

Some Lesser-Known Parts of Dodd-Frank Reform Could Affect You

We’ve done a bunch of stories about the Consumer Financial Protection Bureau, which officially opened its doors to the public last Thursday. But there are many more aspects of the Dodd-Frank Wall Street reform act that also took effect last week, just one year after President Obama signed the bill into law. For a good,… Read More

Regulators Have Missed Majority of Dodd-Frank Reform Deadlines

Personal Finance

Regulators Have Missed Majority of Dodd-Frank Reform Deadlines

Regulators Have Missed Majority of Dodd-Frank Reform Deadlines

Federal regulators have missed 80% of their deadlines for implementing the sweeping Dodd-Frank Wall Street Reform and Consumer Protection Act, according to a recent report by the law firm Davis Polk. Of the 163 rules that the government was required to write by July 21, 130 remain unfinished. The law has come under fire in… Read More

Is Wells Fargo Getting Back Into Subprime Mortgages?

Mortgages

Is Wells Fargo Getting Back Into Subprime Mortgages?

Is Wells Fargo Getting Back Into Subprime Mortgages?

Wells Fargo is once again setting sail on subprime mortgage waters, despite how choppy they were several years ago. The bank will consider mortgage applicants with credit scores as low as 600, announced Franklin Codel, a Wells Fargo mortgage executive. Previously, the minimum was 640, and this change applies to purchase mortgages to be guaranteed… Read More

A New Mortgage Tool From the CFPB

Mortgages

A New Mortgage Tool From the CFPB

A New Mortgage Tool From the CFPB

Successful problem solving often depends on the tools you’re given: The better your information, the more equipped you are to identify and solve an issue. That’s the idea behind the Consumer Financial Protection Bureau’s new mortgage data tool and the new data-reporting requirements it plans to propose this year. The CFPB today announced the release… Read More

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