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New CFPB Consent Decree May Highlight Loss Mitigation Issues for 2021 | Bryan Cave Leighton Paisner - Vimarsana News

New CFPB Consent Decree May Highlight Loss Mitigation Issues for 2021 | Bryan Cave Leighton Paisner

To embed, copy and paste the code into your website or blog: What’s old is new again. 2021 will bring a new U.S. Administration and hopefully positive developments with regard to the COVID-19 pandemic, but it also is likely to see further adverse economic impacts. Various financial models are predicting differing trajectories for potential recession and economic recovery. What we do know is that 2020 has resulted in sizeable income loss and employment interruption for many. In the face of all this challenge, the CFPB is likely to focus in 2021 on consumer loss mitigation process and transpa...