Steven Antonakes, who resigned last month from his position as the deputy director of the Consumer Financial Protection Bureau, has found his next role, and it’s one in which he should be able to utilize his experience and expertise — chief compliance officer.
"Our goal, however, is not some one-sided aim to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much," Steven Antonakes, deputy director of the Consumer Financial Protection Bureau.
2014 brought on a wave of new regulation from the Consumer Financial Protection Bureau, but lenders are not empty handed. The CFPB continues to pump out online tools to help everyone understand everything.
This time around, Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, significantly watered down his message at Nevada’s Common Ground Conference, especially when compared to his alarming speech at the Mortgage Bankers Association’s National Mortgage Servicing Conference.
The good cop officially left the room when Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, stepped up to the podium: "Business as usual has ended in mortgage servicing," he said.
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HousingWire covered the introduction of Costco into the mortgage lending space and it made the industry nervous. Lenders openly asked each other at conferences, “Who will be next? Google, Apple?” Well, that never happened. Here's the story why, in long-form feature. Read More
From both an operational and regulatory standpoint, the industry continues to progress as new technological advancements are made and new regulations and policies are implemented. While it is important to change with the times, it is equally important to define and maintain the very essence of your company’s own core vision and values, so that you can succeed regardless of the inevitable changes the industry will undergo. Read More