ABA to CFPB: You’re Going Too Far on Mortgage Servicing Rules

ABA tells the CFPB its mortgage servicing rules have already gone beyond the requirements mandated by Dodd-Frank and that its current course is causing banks to recalculate the minimum number of loans they need to service in order to remain a viable business proposition. That means further consolidation in the industry, which is bad news for the very consumers the bureau is meant to protect. [3/18/15]