CFPB Lays Out 9-Point Plan to Reshape Financial Industry

The five-year anniversary of the Consumer Financial Protection Bureau is coming up this summer – July 21, to be exact – and few can argue the impact the CFPB had on the financial industry in these four-plus years. From the recent implementation of the CFPB’s TILA-RESPA Integrated Disclosures rule, to the national mortgage servicing rules, the Ability-to-Repay rule and the Qualified Mortgage rule, just to name a few, the CFPB seismically changed the face of mortgage lending, with rules and enforcement actions as well. CFPB Director Richard Cordray recently laid out a series of goals for how the CFPB wants the financial industry to operate. You can learn more about the CFPB’s 9-point plan at http://www.housingwire.com/articles/36388-cfpb-lays-out-9-point-plan-to-reshape-financial-industry