The Consumer Financial Protection Bureau is sticking to its fact-based approach on enforcement of the Real Estate Settlement Procedures Act and marketing services agreements despite a recent federal appeals court ruling against the agency, CFPB Director Richard Cordray said Oct. 24.
Source: PHH Ruling Not the Last Word on RESPA Enforcement, Cordray Says | Bloomberg BNA
Oct 18 (Reuters) – Title insurer Stewart Information Services Corp said on Tuesday it would add four new directors to its board in a deal with activist investor Starboard Value LP.
The company also struck a deal with another shareholder, Foundation Asset Management LP, which agreed to drop its pursuit of a special shareholder meeting.
Source: UPDATE 1-Stewart Information strikes deal with two activist investors
While it’s too early to know the full impact of the United States Court of Appeals for the District of Columbia Circuit’s decision to rule the structure of the Consumer Financial Protection Bureau unconstitutional and vacate a $103 million fine against mortgage lender PHH, opinions from all sides are pouring in on just what the court’s decision could mean for housing and for the financial services industry as a whole. In a statement, a CFPB spokesperson says that the agency “respectfully disagrees” with court’s ruling. . . .