More Lender Updates; Letters from the Trenches and Legal Updates Focused on the CFPB
Posted To: Pipeline Press
London plans to use a painfully “High-Pitched Sound Generator” to disperse large crowds at the Olympics. Observers note that it will be Cindy Lauper’s first paying gig since ’86. Speaking of high-pitched noises (and no, this is not a lead in to a Taylor Swift joke), the constructive clamoring about the CFPB’s flat fee continues . “The CFPB for consumer finance, in my opinion, is the same thing as the CFTC for commodity trading overseeing Future Commission Merchants and the SEC for stock broker/dealers. Both the futures and stock brokerage industries have formed self-regulating entities. The National Futures Association for commodities and the Financial Industry Regulatory Authority (FINRA) for stocks. The mortgage industry would be well served if the industry itself through the MBA or other…(read more)
