Compliance Experts Fear BCFP’s Pro-Consumer Stance Could Raise Cost, Disrupt Mortgage Lending
July 1, 2010
There is a growing perception among compliance experts that the Bureau of Consumer Financial Protection, the new federal agency charged with protecting consumers against harmful financial products and practices, will implement overly stringent regulations that could kill innovation and harm lenders’ ability to make mortgage loans. Although it will still be a good 16 to...