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Sharp criticism leveled at CFPB investigation tactics

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Mortgage Professional America | 31 Aug 2016, 08:15 AM Agree 0
The agency’s use of “mystery shoppers” to ferret out wrongdoing sets a “worrisome precedent,” according to some
  • Denver, CO | | 31 Aug 2016, 11:12 AM Agree 0
    This is not new to CFPB, HUD had done this same thing, for years prior to CFPB.
  • Time to stop these sleazy agreements | | 31 Aug 2016, 11:53 AM Agree 0
    The CFPB IS a complete joke. How about cracking down on these marketing agreements that are a so called legal kick back to the real estate broker while the clients gets screwed by these lenders who charge higher rates to cover the cost of these kick backs. It truly is amazing that these agreements are allowed. The lenders and Brokers who do them say they are legal which at the moment they are but time for lawyers to seek out clients and go for class action suits due to the higher rates charged to the customers.
  • | | 31 Aug 2016, 12:05 PM Agree 0
    Let's hope for a Trump victory which he plans to SHUT DOWN THE CFPB. Hilary will keep the CFPB rolling along and pounding all finance biz. remember this when it's time to VOTE.
  • | | 31 Aug 2016, 12:11 PM Agree 0
    Amen to the post on marketing agreements. They are alive and well here in Salt Lake and the brokers feel that until they are called on them they will continue to use them. They buyer is the one who suffers. Unfortunately they are so naive in the process that they do what they are told by the broker and dont realize that they are screwing themselves. What happened to the old days when the realtor gave their clients the names of a couple of lenders and said call them and see who offers the best deal.
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