for transferring certain regulatory powers away from other agencies, like the Federal Reserve System. Such changes are not new to the industry. The FHFA, current regulator of the GSEs, is a third generation regulator created after the statutory merger of two preceding organizations, the Office of Federal Housing Enterprise Oversight and the Federal Housing Finance Board. Taking a cue from past Congresses, legislators may take a different tone after mid-term elections should certain parties, or factions of parties, gain traction in the House or Senate building on existing momentum to chip away at the Bureau’s mandate or to restructure its leadership. Though for now, as the CFPB itself says, it’s moved from rule-making to enforcement and supervision. As far as the Bureau is concerned, that means smooth sailing from here on out. GET MORE An ANSWERS panel titled “The CFPB: A Reality Check” will examine the realities on the ground for mortgage servicers and their vendors as they operate in the new regulatory environment. Panelists will address best practices for overcoming operational and legal challenges facing mortgage servicers. The panel is moderated by ALFN member Matt Abad, Esq. of Chicago-based Kluever Platt and includes speakers from Freddie Mac, Bayview Loan Servicing, Statebridge Company, Residential Credit Solutions, and default law firm Mackie Wolf Zientz & Mann. ANSWERS is held this July 20-23, 2014 in Colorado Springs, Colorado at the Broadmoor Hotel.
ABOUT THE AUTHOR Cade Holleman, M.A. Assistant Vice President, Government Affairs & Communications American Legal & Financial Network (ALFN) 1803 Biltmore St. NW, #800 Washington, D.C. 20009 Direct: 714-679-2514 Cholleman@ALFN.org www.ALFN.org