CFPB, Regulatory, and Legal News; Plywood Endangered in Ohio

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Posted To: Pipeline Press

The Fed reports US household net worth soared to a record $90.2 trillion in Q3, as the stock market jumped and housing prices increased. One group of businesses that has certainly seen an uptick in business market share is credit unions. But all is not rosy: wading through the acronyms, last week the ABA has joined the ICBA in filing suit against the NCUA over the field of membership rule (the ABA filed in Dec, while the ICBA filed back in Sep). The Mortgage Bankers Association certainly keeps up on legal and regulatory issues. Along those lines, the D.C. Circuit has entered an order that provides the response of the United States to the CFPB’s petition for rehearing en banc is due by December 22, 2016. The order also provides that PHH can file its response by December 22. Ballard Spahr reports…(read more)

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