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February 25, 2014

House Set to Vote on Restructuring the CFPB

By Thomas Ressler

The Consumer Financial Freedom and Washington Accountability Act, sponsored by House Financial Services Committee member Rep. Sean Duffy, R-WI, would, among other things, replace the single CFPB director with a five-member commission appointed by the president and confirmed by the Senate.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

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