Battle Over CFPB About to get Interesting

The National Real Estate Post’s topics are always so interesting and fascinating that when they are good I must share them, like the one yesterday about Section 8 housing. Today, there is a classic partisan battle brewing over the direction and possibly the entire existence of the Consumer Financial Protection Board.  Make no mistake, I have never been in favor of this agency, mainly because (even as stated in the video) the U.S. has a plethora of financial oversight agencies – why the need for another?  Especially one that is solely funded by fines?

The average consumer probably has no idea about this agency and how it has affected their own transactions with banks and their mortgages, however my industry friends should watch.

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This will be an interesting move one way or another.

David Madaffari, Realtor

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