Volume 25 - Number 4
February 17, 2014
With CFPBs Major Rules in Effect, Focus Now Turns to Examinations
The CFPB is now dedicating one third of its current staff to supervision, making it clear that exams will be a major focus this year. For many in the mortgage arena, that level of scrutiny will be a new experience especially for nonbanks. But even for those whove been subject to federal examination for years or decades, the CFPB exam process will be, in some cases, like starting from scratch and the focus on consumer impact rather than soundness of the entity is altogether different. One area on the bureaus short list is...
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