The future of the Consumer Financial Protection Bureau is as clear as mud, as there at least four different situations at play right now trying to completely change its structure, with one of them going as far as dismantling it all together.
Meanwhile, the industry is left to conduct business in the middle of all this despite the uncertain future of the biggest mortgage finance watchdog.
The CFPB currently has three possible outcomes at play that involve an act of Congress, seen here, here and here, to change its structure. However, there is also one that involves the current landmark battle between PHH and the CFPB.
The latest update on the case came out on Thursday when the U.S. Court of Appeals for the District of Columbia Circuit ruled in...