The buck stops with you. Credit unions citing vendor-related hurdles to compliance have heard this from regulators for years. Yet, that sentiment may be changing.
Just last month, CFPB Director Richard Cordray told Mortgage Bankers Association conventioneers his agency may need to look more closely at vendors that are "creating obstacles" for mortgage lenders. He went on to say other financial regulators may need to join the CFPB in paying greater attention to these reports.
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