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Volume 2014 - Number 22

June 6, 2014

CFPB Begins to Target Individuals in Crisis-Related Actions, Lessons Learned from Enforcement Cases

The Consumer Financial Protection Bureauís effort to go after corporate executives in connection with its financial-crisis enforcement actions so far has led to 12 cases in which individuals were named as defendants or respondents. Individuals who have been included in CFPB complaints are primarily decision-makers or a party to the consumer transaction. Under the law, they include not only providers of consumer financial products or services, but also those with managerial responsibilities and a ďmaterialĒ participant in the transaction. Individual accountability is...

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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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?

Yes, definitely. We’re planning a launch.


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


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.