Tip for mortgage lenders and compliance officers: A weaker CFPB means stronger state regs

[Op-ed] Perhaps no one rejoiced more than mortgage compliance officers at the change in leadership and tone (no more “regulation by enforcement”) at the CFPB. However, before you break out the Champagne, consider that regulators in trend-setting states like California, New York, and others now see a need to ramp up efforts to fill a perceived gap.