Clients and Friends,
I wanted to write and share some of my thoughts on recent events affecting our industry, now that we’ve had some time to reflect on the election’s potential effects on the CFPB. I have drafted a discussion of some of the possible changes to the CFPB’s structure and activities. I included a brief summary of the pertinent provisions of the proposed Financial CHOICE Act, which may provide a blueprint for legislation by the next Congress. I also addressed the CFPB’s Fall 2016 regulatory agenda, the CFPB’s recent enforcement actions against three reverse mortgage lenders for deceptive advertising, and the CFPB’s 2017 fair lending priorities. Please let me know if you’d like a copy of this document.
Please let me know if you would like to discuss or have any questions.
Wishing you a wonderful holiday season. I look forward to working together in the new year.