CFPB Director Rohit Chopra has outlined the agency’s crackdown on various mortgage industry violations, aiming to protect homeowners from deceptive practices. Key highlights include:
– Efforts to combat prohibited fees charged to homeowners
– Crackdown on deceptive notices sent to individuals
– Enforcement actions taken against violations of loss-mitigation rules
Chopra’s detailed account of the CFPB’s initiatives demonstrates a commitment to upholding fair lending practices and holding industry players accountable for non-compliance. Homeowners can feel reassured by the agency’s rigorous stance on safeguarding their rights in the mortgage market.
You can read this full article at: https://www.housingwire.com/articles/in-its-war-on-junk-fees-cfpb-targets-mortgage-servicing/(subscription required)
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