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4min chapter
CFPB Director Rohit Chopra on junk fees, the new AVM rule and more
HousingWire Daily
Regulation of Non-Banks, System Failures, and Technology Risks in Finance
The chapter dives into the regulation of non-banks by the CFPB, focusing on the need for heightened oversight in the non-depository sector and potential risks stemming from technology failures in sectors like automotive and pharmacy. The Director stresses the significance of monitoring the shadow banking system and critical vendors in the mortgage industry.
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