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CFPB finalizes servicing rules
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Consumer Protection
Thursday, January 17, 2013
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The Consumer Financial Protection Bureau released two key mortgage servicing rules. The final rules, which implement provisions of the Dodd-Frank Act, are intended to protect consumers from “detrimental actions” by mortgage servicers and provide consumers with tools and information when dealing with servicers. The final rules expanded the scope of a proposed exemption for small servicers. Read on to learn about the final rule and its exemptions for small servicers.
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