“Those on the left side of the political spectrum are more likely to know what the CFPB is and have a positive opinion of it,” said Cato’s Emily Ekins.
Still, the deal world grinds forward. “Ten days ago, sales were dead, but interest is picking up again,” said Mark Garland, president of MountainView Servicing Group…
The election of President Trump and Republican control of Congress initially prompted optimism among MBS and ABS issuers for significant easing of regulatory standards. But with comprehensive legislation from Congress looking unlikely, the focus has shifted to federal agencies, according to speakers at the recent ABS East conference sponsored by Information Management Network. “Expectations have had to be reset post-election,” said Ryan Schoen, a senior financial services analyst at Washington Analysis, a research firm. He said he doesn’t expect much regulatory reform from Capitol Hill. While the House passed H.R. 10, the Financial CHOICE Act, this year, the Senate is taking a more measured approach. “The Senate doesn’t seem...