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Volume 25 - Number 13

June 23, 2014

Worth Noting

CFPB Deputy Director Antonakes Plays Nice With Compliance Pros. When CFPB Deputy Director Steve Antonakes appeared before a mortgage servicing industry event some months back, he raised plenty of eyebrows – and a few hackles – with some unusually blunt comments about how unhappy the CFPB was with the industry’s practices and how aggressive the bureau planned to be in combatting them. Lingering apprehensiveness was in the air when he stepped onto a stage to deliver a lunch-time address before the American Bankers Association’s 2014 regulatory compliance conference earlier this month – so much so, in fact, that when he responded to polite applause from attendees with “Hello!,” he was greeted with a nervous silence from the crowd. Antonakes didn’t skip a beat ...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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