There weren’t broad pronouncements or condemnation of technology service providers as Richard Cordray doled out three years ago, but Consumer Financial Protection Bureau acting director Mick Mulvaney did have some news for attendees of the Mortgage Bankers Association (MBA) annual convention.
Sitting with new MBA CEO Robert Broeksmit, Mulvaney told the audience that there was some clarity on the way for the bureau’s authority over unfair, deceptive and abusive acts and practices (UDAAP).
Read on for details of the agency’s work on the abusive prong of UDAAP.