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Volume 25 - Number 5

March 3, 2014

CFPB Supporters Push Back Against Republican Pressure

Republicans on the House Financial Services Committee recently tried to take a page out of the CFPB's playbook by setting up a page on their website to solicit industry complaints about the bureau. But now supporters of the consumer regulator are launching a publicity campaign to use it to drum up more visible public support. Leading the charge is Americans for Financial Reform, a coalition of consumer, civic and community groups, which put out a public call for people to speak out on why a "tough and effective watchdog" standing up for the public interest is needed in the consumer financial marketplace. "The House Committee on Financial Services majority is asking individuals and businesses to weigh in with stories about how the CFPB is hurting the public, arguing once again -- without any evidence --

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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.