You Know Where to File That?
We will shortly send clients an in-depth analysis of the CFPB’s latest controversial proposal which would establish a public registry on which supervised nonbanks would file a lot of data on any form contracts they require which includes covered provisions the Bureau thinks unfairly and even dangerously lead consumers to abandon important protections. These would not directly affect mortgage agency securitization, but the rule but could prove a significant compliance impediment to PLS.