The National Consumer Law Center published a release on Jan. 9 applauding the Consumer Financial Protection Bureau for its new mortgage rules and urging the bureau to implement further reforms.
“We applaud the CFPB’s new mortgage rules, which … will move the market toward safer loans and better loan servicing,” said Alys Cohen, staff attorney at NCLC.
“The CFPB has made clear that the rules will continue to evolve as implementation progresses and we urge it to eliminate gaps that could provide space for some predatory conduct. The foreclosure crisis is still with us. It is essential that we prevent the next one from happening.”
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