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Consumer Issues Michael D. Calhoun

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  • Washington Journal Michael Calhoun on Pay Day Lending
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    Payday Lending

    Michael Calhoun talked about the payday lending industry and its regulation. He discussed the uses and abuses of various quick loans and how they can negatively effect borrowers by…

    383 views
  • House Subcommittee Hearing on the Qualified Mortgage Rule
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    Home Mortgage Rules

    Representatives from home buyer associations and lender groups testified on the “ability to pay” rule mandated by the 2010 Dodd-Frank financial regulations law. The intent of the rule was…

    531 views
  • Mortgage Policy
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    Mortgage Policy

    The Consumer Financial Protection Bureau (CFPB) held a field hearing on mortgage policy with consumer groups, industry stakeholders, and financial experts. CFPB Director Richard Cordray unveiled the new CFPB…

    464 views
  • Consumer Credit Access Panel 2
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    Consumer Credit Access, Panel 2

    Financial industry representatives testified on consumer credit access issues related to the regulatory power of the Consumer Financial Protection Bureau (CFPB). Subcommittee members raised…

    122 views
  • Consumer Financial Protection
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    Consumer Financial Protection

    Witnesses testified about the proposed work and structure of the new Consumer Financial Protection Bureau (CFPB) created as part of the Dodd-Frank financial regulations law. They talked…

    267 views
  • Bank Overdraft Fees
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    Bank Overdraft Fees

    Witnesses testified about consumer overdraft fees levied by banks and possible regulation of banks. One proposal would require banks to notify consumers and allow for cancellation of…

    191 views
  • Government Consumer Mortgage Loan Proposals
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    Government Consumer Mortgage Loan Proposals

    Panelists spoke about proposed mortgage and lending regulations. They also talked about the many reports of mortgage broker and lender abuses against borrowers which led Congressional…

    33 views
  • Mortgage Lending Practices
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    Mortgage Lending Practices

    Witnesses from the financial industry and consumer advocates testified about the Mortgage Lending Act, H.R. 3915, which sets a minimum standard for borrowers' ability to repay mortgage loans. It contains consumer…

    514 views
  • Subprime Hybrid Mortgages
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    Subprime Hybrid Mortgages

    Witnesses testified about home ownership and current subprime mortgage practices and products affecting foreclosures. They also talked about proposed guidelines for non-traditional…

    260 views
  • Payday Loans
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    Payday Loans

    The guests talked about the practice of “payday loans,” in which consumers are offered short-term loans which have the potential for high interest and fees. The Center for Responsible Lending describes…

    155 views
  • Nontraditional Mortgages
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    Nontraditional Mortgages

    Moderated by Mr. Fishbein, the panelists discussed nontraditional mortgages, such as interest-only and piggyback mortgages. Some of the participants said these are they too exotic for most homeowners.…

    143 views
  • NonTraditional Mortgage Products
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    Non-Traditional Mortgage Products

    Two subcommittees of the Senate Committee on Banking, Housing, and Urban Affairs held a joint hearing titled “Calculated Risk: Assessing Non-Traditional Mortgage Products.” Witnesses…

    334 views
  • State Consumer Protection Laws
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    State Consumer Protection Laws

    Experts talked about differences between federal and state consumer protection laws and the efforts by lobbyists to have stronger state laws replaced by weaker uniform federal rules. Ms.…

    46 views