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December 13, 2017

Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up

By Thomas Ressler

CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%