Consumer Financial Protection Bureau to Increase Oversight of Mortgage Servicing Industry
Abstract:The new Consumer Financial Protection Bureau (CFPB), a consumer agency formed by the 2010 Dodd Frank Act, announced on October 13, 2011 that it would increase its oversight of the mortgage servicing industry.
This article gives an overview of what the CFPB hopes to achieve by increasing its scrutiny of the mortgage servicing industry.
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