News

SFR Securitizations Keep Delinquency Rates Low

Tue April 05, 2016

An appeals court has asked the Consumer Financial Protection Bureau to justify at a hearing next week its structure of being led by a powerful single director, in a case that has emerged as a legal challenge to the agency.

The questions stem from a lawsuit filed by a New Jersey mortgage lender challenging a penalty imposed by CFPB Director Richard Cordray for accepting what the agency called kickbacks from mortgage insurers.

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