Posted To: Pipeline Press
Happy 6th year-old-birthday to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Or is it the CFPB's 5th "birthday"? For those new to the business, the passage of Dodd-Frank in July 2010 put in place the Consumer Finance Protection Bureau in July of 2011. Lots more below on what it has been up to lately. Critics say that the CFPB has made an art of governing and regulating by consent orders and press releases rather than actually establishing rules and regulations. Is it less expensive for the CFPB that way? Consumers are better protected; certainly the large banks are trying to work with the CFPB but some suggest that non-banks, who have taken a large market share from banks, are not working closely with the CFPB. And there are even some that think Richard Cordray...(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/2ajkLVK
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