Kraninger Steps Down as CFPB Director

Consumer Financial Protection Bureau Director Kathy Kraninger announced her resignation yesterday effective immediately, paving the way for President Joe Biden’s nominee, Rohit Chopra, to take over the agency.

Biden Nominates Rohit Chopra to Lead CFPB

President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.

Biden Nominates Rohit Chopra to Lead CFPB

President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.

CFPB Issues Final QM Mortgage, Seasoned QM Rules

The Consumer Financial Protection Bureau on Thursday issued final rules related to qualified mortgage loans. The Mortgage Bankers Association provided preliminary summaries of the final rules.

‘Not Ok? That’s Ok:’ Financial Services, Consumer Coalition Launches Borrower Awareness Campaign

The Mortgage Bankers Association and a broad coalition of financial services stakeholders – including mortgage servicers, trade associations, housing counseling agencies, governmental agencies and think tanks – launched a consumer awareness campaign to reach borrowers who have missed one or more mortgage payments as a result of the COVID-19 pandemic and may be eligible for forbearance assistance under the CARES Act or other forms of mortgage payment relief.

CFPB Extends GSE Patch ‘Indefinitely;’ Kraninger Stresses Flexibility

In a wide-ranging discussion yesterday at the Mortgage Bankers Association’s virtual Annual Convention & Expo, CFPB Director Kathy Kraninger said the Bureau would continue to move forward with its agenda of easing regulatory burdens and providing mortgage lenders and servicers with greater flexibilities in working with customers.

CFPB Extends GSE Patch ‘Indefinitely;’ Kraninger Stresses Flexibility

With less than two weeks before the 2020 elections, Washington is doing what it does best—speculating. Kathy Kraninger, Director of the Consumer Financial Protection Bureau—a federal agency at the heart of much of that speculation—is paying it little attention.

MBA Annual20 Begins This Monday

The Mortgage Bankers Association’s first-ever virtual Annual Convention & Expo is just around the corner, beginning this Monday, Oct. 19 and running through Wednesday, Oct. 21.

MBA Annual20 General Sessions: Updates from FHFA Director Mark Calabria, CFPB Director Kathy Kraninger

MBA is pleased to announce that Federal Housing Finance Agency Director Mark Calabria and Consumer Financial Protection Bureau Director Kathy Kraninger will take the virtual stage at MBA Annual20. Calabria will deliver his remarks live on Monday, October 19 at 2:30 p.m. ET. On Tuesday, October 20 at 1:00 p.m. ET, hear a live interview with Kraninger, moderated by MBA 2021 Chairman Susan Stewart.