CFPB's Date Tries to Calm Industry's Concerns

Sichelman, Lew
August 2011
Mortgage Servicing News;Aug2011, Vol. 15 Issue 8, p1
The article reports on the effort of Raj Date, associate director of research, markets and regulations of the U.S. Consumer Financial Protection Bureau (CFPB), to reassure the mortgage industry that the agency will be thoughtful in carrying its mission of bringing transparency to consumer finance. Date states that financial executives should not fret too much about the broad authority of the agency to write new rules. He says that adopting new rules is not necessarily the most effective manner.


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