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CFPB proposes servicing rule amendments, expansion
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Consumer Protection
Friday, November 21, 2014
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The Consumer Financial Protection Bureau proposed several important amendments to its servicing rules. The amendments, unveiled Nov. 20, seek to enhance protections for successors in interest and also focus on issues pertaining to early intervention, loss mitigation, servicing transfers, the small servicer definition and other areas. Read on for an overview of the proposal.
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