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Old 02-01-2018, 06:39 AM
 
Location: Cary, NC
31,613 posts, read 55,335,524 times
Reputation: 30169

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Quote:
Originally Posted by SmartMoney View Post
What I am saying is it's guaranteed and they are definitely suing, it may not be the consumer, but the CFPB is doing it for the injured consumer, and then they send the payout. I got a check in the mail this week, it was determined that I was harmed by a financial transaction and this was my award. It's already already happening. I don't ever remember working with this lender. And if the consumer lies to get in the home, the lender is on the hook for their lies, unless the lender can prove the consumer committed fraud. Not real easy to do if a lot of time has passed.

https://www.consumerfinance.gov/abou...-if-its-legit/

Actually, the CFPB has so much money from fines and suits, they aren't taking a dime of federal funds in this year's budget.

Trump consumer protection chief requests $0 in funding - Jan. 18, 2018

Not reading what you signed has never been anything but a poor excuse for not taking responsibility. It's another thing entirely if you don't understand, speak up.
So the criminal element in the CFPB has perverse incentive to collect revenue in whatever punitive and abusive unilateral manner they choose, because they get to keep it?

Ouch. That cries out to be fixed.
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