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CFPB Sets Sights on Predatory Lending

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  • Shelby Brannon | | 16 May 2012, 10:57 AM Agree 0
    The CFPB would rather scrutinize the font size on TILA disclosures than to help consumers track down their mortgages that’ve been traded into obscurity. Certainly they were&are some bad actors in the business, as there are anywhere. But the financial crisis was not caused by consumers getting duped into bad mortgages. It was what happened after escrow: the buying and selling of those mortgages, and lumping them into junk derivatives, where the real fraud occurred.
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