Reining in the cost of compliance with the CFPB’s various rulemakings was on the minds and lips of regulators and industry representatives alike at the recent ABS Vegas conference sponsored by the Structured Finance Industry Group and Information Management Network. Thomas Glanfield, president and CEO of Boston Portfolio Advisors, a consulting firm that works with mortgage lenders and servicers, was among those who raised concerns about the costs associated with compliance. “The cost to 99 percent of the industry has been noticeably higher than expected, especially when you’re trying to get one percent of the industry up to standards,” he said. Glanfield also noted there has been a lack of clarity on some rules from the CFPB, which he said ...