Antonakes: CFPB done playing softball on mortgage servicing

The Consumer Financial Protection Bureau’s fuse has run out for mortgage servicers that are behind in implementing the agencies rules, according to CFPB Deputy Director Steve Antonakes, who spoke to the Mortgage Bankers Association in Orlando, Fla., on Feb. 19.

US Chamber of Commerce critical of CFPB

On February 12, the U.S. Chamber of Commerce sent a letter to CFPB Director Richard Cordray outlining three specific areas in which the Chamber is “seriously concerned that the bureau is not working toward clear, evenly applied, economically sound standards.”

Banks in a bind on CFPB tracking of customer data

The Consumer Financial Protection Bureau is amassing mortgage and card data of bank customers across the country. From the standpoint of reducing banks’ mortgage compliance burden, the bureau’s project has the potential to help banks.

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