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October 21, 2014

CFPB Promulgates Annual ‘Privacy Notices’ Final Rule

By Thomas Ressler

Under the CFPBís new rule, financial institutions will be able to post privacy notices online instead of distributing an annual paper copy.

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Poll

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

Yes, definitely. We’re planning a launch.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%