Lender Reps Call for Greater Clarity, More Time From Bureau
October 29, 2012
Lender and financial services industry representatives, commenting on the CFPBs recently released five-year strategic plan, called for clear, comprehensive guidance to the industry along with enough time to ensure full compliance, given the sheer volume of all the other rulemakings being promulgated in the wake of the financial crisis. The American Financial Services Association, the Consumer Mortgage Coalition and the Mortgage Bankers Association said they were pleased that the first goal in the strategic plan is to prevent...