Staying the Course on Compliance: Why Lenders Can't Afford to Let Their Guard Down

HousingWire spoke with Ballard Spahr Partner Richard J. Andreano, Jr., for a piece examining the implications of a regulatory environment in flux as a result of changes at the Consumer Financial Protection Bureau (CFPB) and why lenders should stay vigilant rather than let up on compliance. Rich is practice leader of the firm's Mortgage Banking Group.

"In general, while some proposed rules may stall or disappear under the current administration, others could return in revised form," Rich said. "Lenders need to be prepared to pivot quickly if and when that happens."

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