As I have shared many times, I am not a fan of over-regulations of anything, but we are presently stuck with Dodd-Frank and that is the way it is.
OK, since we have these regulations and the Consumer Financial Protection Bureau, then do the job you were supposed to do. We have had laws in every state about misleading mortgage advertising, long before Dodd-Frank, that is supposed to protect veterans, the elderly and the consumer in general.
If their job is to protect the public, then why aren’t they stopping the scammers, instead of warning them? This agency was set up to stop such action, so if that is the responsibility, then do your jobs.
By: Jann Swansom