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Financial Watchdog Under Fire Amid regarding the Customer Financial Protection Bureau

Financial Watchdog Under Fire Amid regarding the Customer Financial Protection Bureau

The CFPB’s Garibay stated in a declaration that the agency is attempting to expand dissemination of mortgage-relief information both directly and through housing counselors, community companies and finance institutions. The CFPB’s freedom made feeling for the industry both because mortgage servicers had been coping with a remote workforce and other challenges and because customers could be confused when they get loss-mitigation notices early on in a forbearance that may last six to one year, stated Justin Wiseman, managing regulatory counsel during the Mortgage Bankers Association.