The recent 7-2 Supreme Court ruling in favor of the Consumer Financial Protection Bureau (CFPB) will change the industry forever. D.O. delves into the implications of this decision for lenders, banks, and consumers - exploring the areas the CFPB is likely to focus on, such as mortgage servicing, credit reports, and loan officer compensation. 🌊
With the decision backing the CFPB, the path is cleared for more proactive oversight of financial institutions. Stay tuned as we break down this ruling, the buzz from the industry's latest secondary conference, and what it all means for loan officers and consumers alike.
