Bradley Partner Mike Gordon Quoted in Bloomberg Government on CFPB's Increased Focus on Mortgage Industry
Bloomberg Government
Bradley attorney Mike Gordon was quoted in Bloomberg Government on the CFPB's increased focus on mortgages under Biden's leadership. The Bureau saw a 60% spike in COVID-19-related complaints last year, and while mortgages only came in fifth among industries in total complaint volume, the CFPB has promised more aggressive enforcement for the mortgage industry under the new administration.
“While complaints are always a factor in CFPB priority-setting, they’ve made clear that mortgage servicing will be in the crosshairs regardless of complaint volume,” said Gordon.
The original article, "Financial Watchdog Hit With Deluge of Covid-Related Complaints," appeared in Bloomberg Government on April 9, 2021.