A Court Just Ruled that CFPB’s Funding is Unconstitutional, and that Could be ‘Catastrophic’ for Mortgage Market

October 28, 2022

CNBC, Oct. 28, 2022–Stephanie Dhue
“We do like to settle rules that give us some safe harbors for the way that we make mortgages and we don’t want that to all go away,” Mortgage Bankers Association president and CEO Robert Broeksmit said Monday at the trade association’s annual convention. Still, he vowed to keep fighting what he called the bureau’s regulatory overreach. “Now is no time to make you hire more lawyers to try to understand what the bureau is doing.”
https://www.cnbc.com/2022/10/28/court-ruling-on-payday-lending-could-impact-mortgage-markets.html