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Volume 20 - Number 13

June 22, 2009

State Roundup

California: Mortgage foreclosure consultants must register with the California Office... Alabama: The State Banking Department issued emergency regulations May 5 capping loan... Georgia: The state Department of Banking and Finance has issued cease-and-desist orders... North Carolina. State banking regulators have announced a $2.5 million settlement with...

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The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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