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ABA: The American Bankers Association
Compliance News

CFPB Releases Report on 2013 Servicing Rule

The CFPB released a report assessing its 2013 RESPA mortgage servicing rule. The five-year assessment, which, was mandated by the Dodd-Frank Act, found that certain elements of the rule were quite costly to implement, while others were less so. ABA staff are closely reviewing the 300-page report.