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The CFPB and the wait for customary and reasonable
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Tuesday, October 21, 2014
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When Congress established the Consumer Financial Protection Bureau in 2010 through the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, it signaled the arrival of a new sheriff in Washington to help clean up problems in the financial services industry exposed by the Great Recession. Unfortunately for appraisers, the CFPB has been mum on the issue of customary and reasonable fees to this point. Keep reading to see what industry experts had to say about the CFPB and the wait for customary and reasonable.
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