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Cogent QC: Award-Winning Loan Quality Control & Compliance Software

Award-Winning Mortgage Quality Control and Compliance Software

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Controversy at the Consumer Financial Protection Bureau

November 29, 2017 By Kaan Etem

  In an extraordinary turn of events, “the leadership of the Consumer Financial Protection Bureau has been in controversy since last Friday when outgoing Director, Richard Cordray, and President Trump designated dueling individuals to serve as acting Director of the Bureau following Cordray’s resignation”, to quote Mitch Kider of the law firm Weiner, Brodsky and Kider. This situation presents some interesting dilemmas for compliance and quality control professionals, many of which are described by Mr. Kider in a Special Alert. The Alert provides a synopsis of the situation and its implications and is well worth reading in full right here. The industry is watching closely as the drama unfolds!

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