From HousingWire, By Kerry Curry: Highly Scrutinized, Lenders/Servicers Take Vetting of Third Parties to New Heights
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HousingWire, March 2013 -- Excerpt: "...in last year's nationwide attorneys general settlement with mortgage servicers over foreclosure abuses. Should anyone have any doubt, the Consumer Financial Protection Bureau issued a bulletin last year that plainly states that banks and nonbanks supervised by the CFPB are expected to oversee their relationships with service providers in a manner that ensures compliance with federal consumer financial law and protects consumers."
