On Friday, the Consumer Financial Protection Bureau issued a policy statement providing a “common-sense framework” on how it intends to apply the “abusiveness” standard in supervision and enforcement matters–a clarification long-awaited by Mortgage Bankers Association and the real estate finance community.
Tag: UDAAP
The CFPB Policy Statement on ‘Abusive Acts or Practices:’ What it Means
On Friday, the Consumer Financial Protection Bureau issued a policy statement providing a “common-sense framework” on how it intends to apply the “abusiveness” standard in supervision and enforcement matters–a clarification long-awaited by Mortgage Bankers Association and the real estate finance community.
CFPB’s Fall Regulatory Agenda: LO Comp, Industry Issues on Radar Screen
The Office of Management and Budget released its Fall Regulatory Agenda, and the Consumer Financial Protection Bureau indicated that changes to Mortgage Loan Originator compensation–a long time regulatory priority of the Mortgage Bankers Association–appears to be high on the radar screen.