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CFPB launches examinations, investigations on new mortgage rules
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Banking, Consumer Protection, Nonbank Financial
Tuesday, June 24, 2014
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The bulk of the Consumer Financial Protection Bureau’s new mortgage requirements may have taken effect in January, but the agency did not immediately begin examining institutions for compliance with the rules at that time. Now that the rules have been in place for a while, CFPB Deputy Director Steve Antonakes said the bureau has launched a number of compliance examinations and investigations at banks and non-banks.
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