Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Consumer Protection

CFPB Proposes Amendments to Home Mortgage Disclosure Act

CFPB logo

Banking, Consumer Protection The CFPB has proposed a rule to improve information reported about the residential mortgage market. According to the CFPB, the rule would shed more light on consumers’ access to mortgage credit by updating the reporting requirements of the Home Mortgage Disclosure Act, or HMDA, regulations. The CFPB also aims to simplify the reporting process for […] Read more →

by Steve Quinlivan   |   July 24, 2014

CFPB logo

CFPB Clarifies Heirs, Divorcees and Estate Planning Transferees Are Not Subject to Ability-to-Repay Rules

Consumer Protection, Uncategorized The CFPB issued an interpretive rule to clarify that when a borrower dies, the name of the borrower’s heir generally may be added to the mortgage without triggering the... Read more →

by Jill Radloff   |   July 10, 2014

OLYMPUS DIGITAL CAMERA

GAO Wants CFPB to Focus on Virtual Currencies

Banking, Consumer Protection GAO issued a report discussing virtual currencies. One example of these is bitcoin, which was developed in 2009. Bitcoin and similar virtual currency systems operate over the... Read more →

by Steve Quinlivan   |   July 6, 2014

CFPB Launches Inquiry Into Mobile Financial Services

Banking, Consumer Protection The CFPB has launched an inquiry into the opportunities and challenges associated with the use of mobile financial services. As part of the inquiry, the Bureau is exploring how... Read more →

by Ethan Mark   |   June 11, 2014