Sallie Mae considers CFPB exam procedures on student lending

As the financial services industry digests the Consumer Financial Protection Bureau’s Student Lending Examination Procedures manual release on December 18, 2012, Sallie Mae, which services more student loans than any other single company, is confident its operating procedures are already stringent enough to pass over the heightened regulatory bar.

CFPB raises the bar on fair lending, other mortgage issues

Jonathan Foxx, Managing Director of Lenders Compliance Group, Long Beach, N.Y. Foxx is a 30-year veteran of the mortgage industry and founder of the Association of Residential Mortgage Compliance Professionals. Foxx is interviewed by Justin Dullum of the CFPB Journal staff.

Expert says UDAAP is key concern

Jo Ann Barefoot is co-chair of Treliant Risk Advisors and a former Deputy Comptroller of the Currency. She recently took a few moments to answer these questions for CFPB Journal.

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