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ABA amplifies call for guidance on rolling delinquencies
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Banking, Consumer Protection
Tuesday, October 28, 2014
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The American Bankers Association again is asking the Consumer Financial Protection Bureau for guidance on how to properly apply certain servicing rules in situations involving rolling delinquencies. The group expressed concern that legal and regulatory uncertainty over servicing issues could serve as an additional factor weighing on banks as they consider whether to scale back their servicing activities.
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