Posted To: Pipeline Press
With news swirling of US Bank’s mortgage reorganization last week, let’s not forget the regulator that touches every residential lender: the CFPB. There is industry chatter that it is skipping TRID-related presentations at conferences, which hopefully is not true as we all are looking for firm guidance and rules on the topic seven months into it. And there is also the PHH/CFPB situation. But Director Richard Cordray, whose term is due up in 2018, is also watching other court cases in establishing exactly what the bureau can and can’t do. For example, the CFPB was dealt a setback last week . "A federal judge struck a blow to the Consumer Financial Protection Bureau's recent foray into college accreditation, ruling that the bureau lacks the authority to investigate how accreditors...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/233mPQV
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