After the Senate passed its Dodd-Frank reform bill Wednesday night, sending it to the House to be voted on, experts began to voice their opinions of the bill – but no one agrees.
The Consumer Financial Protection Bureau stripped the Office of Fair Lending of its enforcement powers. John Taylor, President and CEO of the National Community Reinvestment Coalition said, “I am appalled to see one of the most effective offices within the CFPB stripped of responsibility to stop redlining, predatory lending, and other discriminatory behavior by financial firms.”
PHH’s challenge to Consumer Financial Protection Bureau leadership structure rebuked by full Court of Appeals
