• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Dodd-frank To Likely Bite The Dust - Housewire

Status
Not open for further replies.

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York

Trump to CEOs: Dodd-Frank is Target for Major Overhaul
President Trump told a gathering of CEOs at the White House April 4 that the era of "horrible regulations" is coming to an end, specifically citing the Dodd-Frank Act as a target for regulatory reform, HousingWire reported. The president said he sees Dodd-Frank as an impediment to the banking industry. > FULL STORY



House Introduces Another Alternative to Dodd-Frank, CFPB
The House Financial Services Committee on April 19 unveiled the updated version of the Financial CHOICE Act, which would replace the Dodd-Frank Act and significantly alter the Consumer Financial Protection Bureau, HousingWire reported. A hearing to discuss the Act is scheduled for this week. > FULL STORY
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
The housing market made a great recovery under DF, and fraud, bad loans, Wall Street shenanigans are way down. Other than lifting constraints on small banks ( if it does that), this seems a return to pre Dodd Frank...the abuses led to Dodd Frank, the near collapse of the financial and housing markets? Short memories. I fail to see how gutting consumer protections is "pre consumer"...
 

Peter LeQuire

Elite Member
Joined
Jan 3, 2005
Professional Status
Retired Appraiser
State
Tennessee
Funny - every month I get my bank statement and I don't feel the least bit comforted.

Abuses? Fraud? We did not need DF to deal with securities fraud and appraiser fraud - had the attitude of the regulators, including the federal law enforcement agencies, vigorously prosecuted illegal behavior of appraisers, originators, securities and the rest under long-standing statutes concerning fraud (just read the warning near the signature line of the FNMA or loan application) those bad actors would have been much less likely to violate those regulations.
 

Pittsburgh Pete

Elite Member
Joined
May 6, 2008
Professional Status
Certified General Appraiser
State
Pennsylvania
Deck getting stacked for the banks and large companies.
 

djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
Dudley - Francisco is protection for the consumers? Like when Wells started opening accounts with no consent.

How is Dodds old buddy Angelo?
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
The Consumer protection agency caught the Wells Fargo problem, the Consumer protection agency is what protects the consumer and that agency is being defunded and stripped of power to protects in the proposed bill.
 

Peter LeQuire

Elite Member
Joined
Jan 3, 2005
Professional Status
Retired Appraiser
State
Tennessee
The Consumer protection agency caught the Wells Fargo problem, the Consumer protection agency is what protects the consumer and that agency is being defunded and stripped of power to protects in the proposed bill.

Some protection. 2 million (2,000,000) fake accounts over at least 5 years. Way to go CFPB!!!!!!
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
??So you'd rather not have it been caughty at all....okay, you got what you wanted, with no CFPB it would not have been caught.! Enjoy your new status of no protection
 

djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
The CFPB has been found to be unconstitutional. But it still exists. Why?
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks