Regulation by CFPB, States to Be More Coordinated, Official Says
October 1, 2012
Mortgage lending oversight by the CFPB and the states will likely be far more interrelated and integrated in the future than might be expected this in response to the rulemaking and enforcement jurisdictional shake out that occurred as a result of the Dodd-Frank Act, a top regulator told industry participants at a recent mortgage lending conference. The CFPB cant cover everything, because of resources it isnt that big of an agency. But more importantly, it lacks the legislative authority to cover everything that...