| Mar 17, 2011 12:01PM Elizabeth Warren, Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau (CFPB), told a House subcommittee yesterday that " A simple, straightforward and consistent presentation of a credit agreement is the best way to level the playing field between consumers and lenders - and among different types of lenders - and foster honest competition." Warren updated the Subcommittee on Financial Institutions and Consumer Credit on the progress of the new bureau which... Mar 17, 2011 3:38PM Debate continues over including a 20 percent down payment requirement in new regulations defining "Qualified Residential Mortgages" (QRMs) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. A QRM would be exempted from the rule requiring lenders to retain a 5 percent interest in each mortgage it securitizes; a policy called " risk retention. " The Community Mortgage Banking Project (CMBP) released a report Thursday criticizing such a down payment requirement because, among other...
 | 
