Jonathan McKernan’s nomination appears to be at odds with the ‘delete’ rhetoric
February 14, 2025
By James Kleimann
HousingWire Interviews Faith Schwartz on CFPB Nominee
Full story here: https://www.housingwire.com/articles/what-is-trumps-true-plan-for-the-cfpb/
Excerpt:
“Regardless, the agency is still responsible for a significant amount of routine activity within mortgage. Annual HMDA reports are due soon, for example, and there’s weekly SOFR reports the industry relies on,” said Faith Schwartz of Housing Finance Strategies.
She expressed hope that McKernan would bring common sense regulation. “Having a cop on the beat, I don’t care how great our industry has been post Great Financial Crisis, there are a lot of rules and laws in place, some of them old, that have been under new proposed rules that need to be finalized that will help the industry continue to streamline and be more efficient. And the CFPB is very involved with that.”