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Volume 25 - Number 6

March 17, 2014

New CFPB Budget Emphasizes Consumer Response, Enforcement

The latest budget issued by the CFPB projects an 8.3 percent increase from $538.7 million in fiscal year 2013 to $583.4 million in fiscal year 2015. The programs with the most significant increases in funding are consumer response operations, up 84.8 percent over that time, and supervision, enforcement and fair lending, which will rise 65.6 percent. The emphasis on consumer response and enforcement is also reflected in the number of full-time employees (FTE) by program.

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The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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