Back to school with new rules from the CFPB
Will you be ready for exams? The Consumer Financial Protection Bureau (CFPB) didn’t take a summer break this year. In fact, mortgage servicers once again face added scrutiny and regulation as most of the country’s households send their children back to school. This scenario makes it vitally important to be prepared for your next CFPB examination, which requires auditing current processes and safeguards to ensure issues do not compound themselves as additional borrowers exit forbearance.
There is a mounting list of areas that should be double-checked based on CFPB findings. Not that these items are not alrea