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Volume 21 - Number 3

February 9, 2010

State Roundup

Washington: The state legislature has adopted changes to statutes governing mortgage broker practices and consumer loans. Charging upfront broker fees is now illegal under the... Wyoming: The state Department of Audit has adopted changes to the Residential Mortgage Practices and Uniform Consumer Credit Code regulations. The changes apply to...

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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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