The Consumer Financial Protection Bureau recently quietly announced its plan to expand its direct supervision to service providers, which Director Richard Cordray considers a weak link when it comes to some compliance issues. ">
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CFPB to supervise service providers, will ‘level the playing field’
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Industry News
Thursday, May 25, 2017
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The Consumer Financial Protection Bureau recently quietly announced its plan to expand its direct supervision to service providers, which Director Richard Cordray considers a weak link when it comes to some compliance issues.
An attorney who specializes in industry-compliance issues told The Title Report that the increased scrutiny will benefit service providers that have invested in compliance systems and training.
Read on for more details.
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