Asked about whether the Consumer Financial Protection Bureau could take further regulatory actions on trigger leads, Director Rohit Chopra indicated its authority over them was "somewhat limited."
Players in the commercial MBS market now have a better understanding about which assets are performing and which aren’t, according to Lisa Pendergast, executive director of the Commercial Real Estate Finance Council.
The CFPB fined Bank of America $12 million for claiming mortgage applicants chose not to provide race, ethnicity and sex data when in reality applicants hadn't been asked about it.