Regulation and Compliance

The CFP-Who? Survey Finds Little Public Awareness of Regulator

Mar 06, 2017

A new survey is finding that the agency tasked with protecting the rights of American consumers is barely known by the people it is supposed to be helping.
 
In a national telephone poll of more than 500 adults survey commissioned by CreditCards.com, 81 percent of respondents said they could not offer an opinion of the Consumer Financial Protection Bureau (CFPB) because they barely knew anything about it. Among the 17 percent that were aware of the CFPB, 12 percent approved of its work, four percent disapproved and three percent had no opinion. Even more striking, 91 percent of young adults between 18 and 24 were familiar with the CFPB.
 
The CreditCards.com poll also asked if respondents would support the concept of a federal agency that protects consumers from unfair, deceptive or abusive conduct. Eighty percent said yes, with about as many Republicans as Democrats favoring the idea.
About the author
Phil Hall
Link copied
Published
Mar 06, 2017
Get the NMP Daily
People On The Move
Ginnie Mae President Alanna McCargo Announces Resignation

McCargo was first woman and first woman of color at the helm of Ginnie Mae.

The U.S. Department of Housing and Urban Development (HUD) today announced that Alanna McCargo, president of the Government National Mortgage Association (Ginnie Mae), will resign, effective May 3, 2024. McCargo has served in the Biden-Harris Administration since January ...

Continue reading
People On The Move
Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Regulation and Compliance
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

Regulation and Compliance
Apr 11, 2024
A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

Regulation and Compliance
Apr 11, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Regulation and Compliance
Apr 10, 2024
Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Regulation and Compliance
Apr 10, 2024
Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Regulation and Compliance
Apr 04, 2024
Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.

Regulation and Compliance
Apr 03, 2024