Tuesday, April 12, 2016

Elizabeth Warren pushing CFPB for more oversight of nonbank mortgage servicers

In a letter sent Monday to Consumer Financial Protection Bureau Director Richard Cordray, Sen. Elizabeth Warren and Rep. Elijah Cummings called on the CFPB to increase its oversight of nonbank mortgage servicers, citing a report from the U.S. Government Accountability Office on the rise of nonbank servicers and CFPB’s lack of information about them.

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