By Frank Ceizyk
Posted To: Community Commentary
As we prepare and retool for the August 1st disclosure changes, it will be easy to lose sight of the opportunity that is before us. The regulatory integration is here to stay, and there is ample evidence to show that it’s costing consumers more money in the name of protecting them, and creating more delays in transactions than ever before. Segments of a population that already has a well documented low rate of financial literacy are being blocked out of homeownership as we comply with more stringent ability to repay rules that seem to contradict the demands of affordable homeownership advocates across the country. We are clearly at a crossroads. I am going to Washington DC in May of this year to discuss these issues with the MBA, the CFPB and any other regulatory agency or think tank…(read more)
Via:: It’s Time to Take Our Industry Back: Educate and Innovate
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