A familiar name in the RESPA world is back in a familiar place.
More than eight months after he was originally nominated by President Donald Trump, Brian Montgomery was confirmed by the Senate to be the commissioner of the Federal Housing Administration.
Read on for more on the confirmation of Montgomery, who worked on RESPA reform during his time at the Department of Housing and Urban Development from 2005-2009.
Financial experts say they are optimistic Fifth Third Bancorp. executive Jelena McWilliams has what it takes to set a positive tone and direction of regulatory policies related to the nation’s banking system.
McWilliams, chief legal officer of Ohio-based Fifth Third, was nominated as chairperson of the Board of Directors of the Federal Deposit Insurance Corp. (FDIC) by President Donald Trump and confirmed by the U.S. Senate on May 24.
Read more about the confirmation reaction.
Should the Consumer Financial Protection Bureau issue guidance? Or should it reject guidance and stick with notice-and-comment rulemaking under the Administrative Procedures Act? That’s the question following the use of the Congressional Review Act (CRA) to repeal the bureau’s 2013 bulletin providing guidance on indirect auto lending.
Congress has acted to repeal guidance, and the bureau has said it will review more that might be subject to CRA. But the new reform bill specifically asks the CFPB to issue guidance on TRID.
What’s an agency to do? What guidance could be subject to CRA and immediately impact RESPA compliance? Read on for more.
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