In a new whitepaper, the Mortgage Bankers Association says it believes that the Consumer Financial Protection Bureau too often uses enforcement actions rather than written guidance. Five years into the bureau’s existence, MBA said now is the time for the bureau to make key changes to its approach that would benefit both consumers and the industry.
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MBA urges CFPB to abandon big stick approach
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Governmental Affairs, Industry News
Thursday, September 14, 2017
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In a new whitepaper, the Mortgage Bankers Association says it believes that the Consumer Financial Protection Bureau too often uses enforcement actions rather than written guidance.
Five years into the bureau’s existence, MBA said now is the time for the bureau to make key changes to its approach that would benefit both consumers and the industry.
Read on to learn what the MBA is recommending for the future of the bureau in the whitepaper.
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