What Is The CFPB Really Doing?

*What Is The CFPB Really Doing?*
**By Tony Garritano**

TonyG***We’ve all heard about the Cordray nomination and the slew of new rules coming out of the Consumer Finance Protection Bureau. Are these developments good or bad for the industry? Opinions differ. Regardless, I found it interesting that yesterday the CFPB saw the need to report back on what they’re up to and what they’ve accomplished so far. Making things even more interesting, they decided to report back in the form of a picture. Here’s what they said:
201307_cfpb_2_year_graphic

Tony Garritano

Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.