Chopra: CFPB Wants To Simplify Servicing Rules

National Mortgage Professional, June 21, 2023–David Krechevsky (subscription)
Consumer Financial Protection Bureau Director Rohit Chopra says his agency intends to propose ways to “simplify and streamline mortgage servicing rules.” Chopra said the effort arises from the agency’s request last fall for the public to suggest ways to reduce risks for borrowers “who experience disruptions in their ability to make mortgage payments.”