Today we have MBA President David Stevens talking about a few things including some thoughts on the CFPB Director.
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We can’t afford to wait on Richard to step down because of the chance he might run for governor. There is still plenty of time to push new regulations through that are damaging to our industry and ultimately the American Public. There is no sense in being political and pretending to be polite and just waiting for a new head of the CFPB. That’s the same as being complacent. The MBA needs to take a harder stand and at least send out a Mortgage Action Alliance petition to stop this new rule. We should not rest on our laurels. That is just as damaging to our industry as Richard Courdray.