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Volume 2018 - Number 35

September 20, 2018

Mortgage Attorneys Embrace Clarity on Status of Regulatory Guidance, But Hope for More

Five regulators, including the Consumer Financial Protection Bureau, recently clarified that supervisory guidance is not regulation and wonít be the sole basis for enforcement actions. Industry attorneys said the statement would benefit the mortgage industry overall, but lenders still need more guidance to help with tricky compliance issues.

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