NAIHP Sends Letter to CFPB on Flat Fee Proposal

by 11 Jun 2012
(TheNicheReport) -- The NAIHP, along with four other State mortgage associations, subitted an industry comment letter to the Consumer Financial Protection Bureau (CFPB) on June 4th,  2012.

In addition to disputing the CFPB on the flat fee and overall justification for the LO Comp Rule, they offered a solution to solving these issues. That solution appears at the bottom of page 3 and the top of page 4. It pertains to exempting prime and government loans.

Click on link to read the full letter. NAIHP Comment Letter to CFPB (pdf)


Should CFPB have more supervision over credit agencies?