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Author name: Ricky Vasquez

CFPB enforcement head resigns, citing ‘no intention to enforce the law’

CFPB, Donald Trump, Housing Market, HWmember, Regulatory, Regulatory Compliance, Trump administration /

Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by […]

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How to navigate a successful brokerage acquisition

Brokerage, Compass, HWmember, Mergers and Acquisitions, Real Estate, RealTrends, Redfin, Rocket Companies, Steve Murray, The Gathering, The Gathering 2025 /

In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation.  “Almost any time in history the U.S. federal government gets involved in this kind of litigation against a whole industry and imposes draconian changes to that industry, it causes

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House Democrats call for more action on US housing crisis

Democratic Party, House of Representatives, Housing Crisis, Housing Market, HWmember, Legislation, National Association of Realtors, National Low Income Housing Coaltion, Ohio, Urban Institute /

As the economic situation for many Americans continues to evolve due in part to the cost of housing, one Democratic member of the House of Representatives used her time on the floor Tuesday to call for more action to address rising housing expenses. Rep. Shontel Brown (D-Ohio) on Tuesday introduced a House Resolution calling for

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Former CFO sues Real Brokerage, alleges discrimination

Discrimination, HWmember, Lawsuit, Legal, Real Estate, The Real Brokerage /

The former chief financial officer of cloud-based real estate firm The Real Brokerage has filed a federal lawsuit alleging she was pushed out of the company after becoming pregnant and taking maternity leave. Michelle Ressler, who was relieved of her role as CFO in April, claims in the suit that Real orchestrated her termination under

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Rocket Pro announces partnership with Vetted VA

HWmember, Mortgage, Partnerships, Rocket Companies, Rocket Mortgage, The Gathering, The Gathering 2025, VA Loan, Veterans /

Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits. The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so the lender can better serve the

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Former FDIC chair fears deregulation could spur new crisis

Former FDIC chair fears deregulation could spur new crisis

Politics and policy, Regulation and compliance /

Sheila Bair, former chair of the Federal Deposit Insurance Corp., in 2023.Bloomberg News The former Chair of the Federal Deposit Insurance Corp. Tuesday said she is concerned that the current push to deregulate banks could lead to a calamity in the financial system down the road. Bair, speaking before the Brookings Institution Tuesday, expressed concern

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CFPB’s top enforcement official, Cara Petersen, resigns

CFPB’s top enforcement official, Cara Petersen, resigns

Industry News, Politics and policy, Regulation and compliance, Trump administration /

Bloomberg News Cara Petersen, the principal deputy enforcement director at the Consumer Financial Protection Bureau, has resigned from the agency, stating in an email to staff that the bureau’s leadership under the Trump administration has “no intention to enforce the law in any meaningful way.” On Tuesday, Petersen sent an email to the CFPB’s enforcement

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Wells Fargo: End of asset cap is not a “light-switch moment”

Wells Fargo: End of asset cap is not a “light-switch moment”

Deposits, Regulation and compliance, Wells Fargo /

Regulators decision to lift Wells Fargo’s asset cap after seven years leaves the San Francisco-based bank better positioned for growth but won’t result in significant near-term gains, CFO Michael Santomassimo said.Eric Thayer/Bloomberg Wells Fargo has more flexibility, and its bankers can go about their business in a more “front-footed” fashion, now the Federal Reserve has

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