Elizabeth Warren Pushing CFPB for More Oversight of Nonbank Mortgage Servicers

HousingWire, Apr. 12, 2016–Lane, Ben

In a letter sent Monday to Consumer Financial Protection Bureau Director Richard Cordray, Sen. Elizabeth Warren, D-Mass, and Rep. Elijah Cummings, D-Md, call on the CFPB to increase its oversight of nonbank mortgage servicers, citing a report from the U.S. Government Accountability Office on the rise of nonbank servicers.