Did You See the New Anti-CFPB TV Commercial?

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Did you happen to see the new “Anti-CFPB” commercial on the Republican debate?  What do you think of it?



  • More attention needs to be drawn to the bureaucratic jobs program which do nothing to perpetuate capitalism and further the American dream!

    Megan November 13, 2015 2:46 am Reply
  • More attention needs to be drawn to these bureaucratic jobs programs which do nothing to perpetuate capitalism and further the American dream!

    Megan November 13, 2015 2:47 am Reply
  • Loved it it’s all true big brother is watching

    Mary king November 13, 2015 5:21 am Reply
  • Loved it it’s all true they are making it more difficult for the consumer to get
    Financing we are so worried about them coming down on the lender that it’s easier to just deny and difficult deals

    Mary king November 13, 2015 5:24 am Reply
  • Loved it how has this agency made our industry better and consumer friendly

    Mary king November 13, 2015 5:27 am Reply
  • All I can say is WOW!

    Nancy Viejo November 13, 2015 5:39 am Reply
  • This ad is superficial and accomplishes nothing, and it is misleading. The CFPB does not deny any loans. There are legitimate complaints about how the CFPB is carrying out its mission, but to make an unsubstantiated accusation that is patently false undermines the credibility of those who seek legitimate reform of the CFPB. The industry would be better served with constructive criticism and suggestions on how to improve the CFPB. It is a pipe dream to think that the CFPB will be eliminated. It needs oversight and accountability, and the industry should be supporting congressional efforts to change the structure of how the CFPB is led and governed. An agency with a single decision maker at the top is dangerous. The FBI under J. Edgar Hoover became an overly influential agency that betrayed its legitimate purpose under his leadership. The CFPB is not here to protect the financial industry. It was designed to protect consumers, but it is not helping consumers by destroying the financial industry and increasing the costs to offer consumers the financial products they want and need. This ad could have provided many legitimate examples of the impact of the CFPB’s approach of regulating by enforcement and inadequate and conflicting regulatory pronouncements that the public does not know about. That would have been helpful. These Orwellian ads created by Washington spin masters are insulting to our intelligence. Where’s the beef? I would rather hear facts than this kind of tripe. I can’t wait for the ads for the upcoming elections.

    Steve Curlee November 13, 2015 5:49 am Reply
    • The tone of the commercial is reflective of the Mortgage industry. It’s not designed to educate, but rather inform about the net effects of this unregulated agency. The mandate of the agency has been corrupted by unbridled regulatory authority. By their megalomaniacal application of penalties, their virtual lawmaking abilities (and disregard of the judicial process), and adversarial oversight–they’ve gone WAY beyond their original charter. The consumer is NOT protected, but overburdened. This commercial calls the CFPB out in an entertaining and engaging way. It’s for everyone’s (well, not King Richard, and his ilk) benefit.

      Mark November 13, 2015 8:08 am Reply
    • Seriously wake up . You are entitled to your opinion. That is unless the CFPB soon decides otherwise. I have been in the real estate and finance industry over 36 years, I have an appraisal background as well but gave this up when the banks wanted to take control. I get it that you do not want to over extend on a refinance cash out but how is it possible in an open market to lower the value of a home when a buyer is willing to pay “x” amount and there was and is biding and a strong local economy to support. The banks have manipulated the system and the exact thing they accused the mortgage broker of they have done in spades. The appraisals used to run 250 and now because the banks can own 49.9% of an AMC costs double. The costs are hidden and different rules exist for those with money. The government forced banks to take billions if not trillions and of course there was really a much lesser overhead.If banks can borrow at a ridiculously lower rate and sell money at thousands of a percent higher but do not have to show the real cost than paying a few million to the CFPB was the original agreement to slide the government back money after they were bailed out and after the larger banks figured how to get rid of the competition by blaming them for the Wallstreet concoctions. Did you think the CFPB needed such an expensive waterfalls? I know people that are spending money like drunken sailors that contract through the CFPB. Shock and awe is awesome . The public will at least realize there is a runaway and unaccountable to Congress or Senate.

      Gary J Heinecke November 13, 2015 9:04 am Reply
  • Decent commercial. But, not to diminish the commercial, who was that at the end? That was great!

    Scott Baiar November 13, 2015 6:27 am Reply
  • CFPB– Constantly F…… People Borrowing

    That of course is Fooling People Borrowing

    Dave November 13, 2015 6:57 am Reply
  • A thousand dittos to Steve Curlee. The direct and indirect costs to consumers is the problem. Longer lock periods, delays in closing, and unseen-but-real incrementally higher rates as lenders build in higher legal costs are just some of the hits to the borrower.
    All for the perception they are better educated, informed and protected. Reality is the borrowers still sign mountains of unread documents when they only want to know 3 things: 1) what’s my payment? 2)how much do I need to close? and 3)when do I get the keys?

    Davud Schill November 13, 2015 7:03 am Reply
  • Well I liked the ad. I think the intended result was to shock people. Get their attention. Get them talking. Must have been successful, because these are the most comments I have seen on here in a long time. We could all articulate the many reason why the CFPB is NOT serving the consumer. Increased cost and length of time to obtain a mortgage is just one example. Any unregulated government agency should be a serious concern for everyone. And then to have just one person, Richard Crodray, have so much power over the agency with out being accountable to anyone is a serious danger. If CFPB is not going to be abolished it MUST be regulated. But I want to go on the record for preferring overturning Dodd/Frank and abolish the CFPB.

    Maureen November 13, 2015 7:50 am Reply
  • Yes Yes Yes Yes – it is about sometime somebody put the FEAR of GOD into the CFPB. Shut them down and take away their power. This is absolutely ridiculous. They are doing nothing but hurting our industry. Put them on the unemployment line and see if they can get a job shoveling horse manure at a track.

    Bernie November 13, 2015 8:23 am Reply
  • And, did you read this one? “CFPB MOVES TO TAKE OVER THE DUTIES OF THE SOCIAL SECURITY ADMINISTRATION”. Yes, CFPB is now promoting a calculator for people to determine what their social security benefit will be, and has created an “An office for older americans”, headed by Stacy Canan. VERY SCAREY! there is no limit on their ability to control every aspect of our lives. We now have two dictatorships – the CFPB and President Obama.

    Rex Whaley November 13, 2015 8:39 am Reply
  • Fabulous commercial! To take a page from the wackos in the college world today forcing multiple people to resign if they do not like how they are handling certain situations, we need to demand the resignation of any Congressman or Senator that would not vote to shut this board down today!

    Russ Chapman November 13, 2015 12:09 pm Reply
  • I love the commercial! Maybe the public will wake up and convince their representatives to pull the plug on CFPB which is not helping the consumer one bit!

    Michele November 13, 2015 2:55 pm Reply
  • Good info. This is the first full week of deals that seem to be all TRID based in our market and I have seen 1 in 3 having some sort of problem. There also seems to be lots of confusion about who gets what on the docs. Some say the seller gets theirs and the buyer gets theirs and the agent gets nothing. Some say the same but a summary with all the major info is sent out to both buyer and seller and the agent still gets nothing. Then there is also have where everyone gets everything. Also there is rumors about separate rooms for sellers and buyers which I know is the case before in a couple of states that I have friends in like Connecticut and New York, however in KY buyers and sellers are in the same room unless there is friction between the two or it involves an estate where there is unrest with the heirs. So this would be a great one for you all to go over and let us know what the ruling really means for all states and how confusing or concise the ruling really is.

    Rick Hogue November 13, 2015 4:13 pm Reply

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