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How CFPB Mortgage Rules Impact Your Members

Any time new rules and regulations are implemented, there could be unintended consequences.

By Wallace Jones | Updated on February 05, 2014

Everyone in the mortgage world has been inundated with articles, training and webinars on the new CFPB Mortgage Rules and what the impact is on lenders. Don’t get me wrong; there are significant changes and impacts on lenders, likely more so than ever before.

But how will the new mortgage rules impact your members?

While the impetus to create the CFPB may have truly been to protect the consumer, any time new rules and regulations are implemented there may be unintended consequences. The Dodd-Frank Act, and the subsequent modifications to those rules by the CFPB, may cause some of those unintended consequences.

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