changes to CFPB

Changes to CFPB: Staying Compliant Despite the Uncertain Future of the CFPB

In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection, which authorized the creation of the Consumer Financial Protection Bureau. The agency was created to supervise banks, lenders, and other non-bank agencies, such as credit reporting agencies, and protect consumers by keeping them...

Inside Guide to Why Lenders Turn Down Mortgage Loans

Inside Guide to Why Lenders Turn Down Mortgage Loans

Before issuing a mortgage loan, lenders check to see if you qualify. Qualification for a mortgage loan depends on several different factors: your debt-to-income ratio, your credit history, your gross monthly income, and your total savings/investments/earnings. According to Bankrate.com, “About 30 percent of purchasers who...