When the appraisal profession looks to the Consumer Financial Protection Bureau (CFPB) for guidance and procedures to enhance the overall operations of the industry, it will once again be addressing matters of interest and focus to a new leader.

Appraisers, albeit uncomfortable and uncertain with the constant change in the bureau’s leadership, are aware that many important issues regarding the industry are front and center before the CFPB.

In particular, the CFPB took notice of President Joe Biden’s release of the Property Appraisal and Valuation Equity Task Force Action Plan, which targets solutions to several challenging issues in appraisal and valuation, outlines appraiser and consumer education goals and highlights programs aimed at diversifying the appraisal profession.

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 This year’s report also examines what RESPA experts believe are the CFPB’s next moves, the title industry’s reaction to increased scrutiny from the bureau, as well as the CFPB’s desire to increase bank oversight.