Bureau to Better Define 'Abusive' Practices
Friday, October 26, 2018 8:45 AM

Bureau Acting Director Mick Mulvaney said yesterday that the Bureau is planning a rulemaking to define the types of practices qualify as "abusive" under the Dodd-Frank Act, reports National Mortgage News, to provide more clarity to the financial services industry about the as-yet undefined standard. Mulvaney spoke at the annual conference of the Mortgage Bankers Association.

Source:  BCFP