The Consumer Financial Protection Bureau is dominated by mortgage/banking hating socialists hell bent on destroying the U.S. economy. At least that's the perception you get from talking to some rabid industry executives who were hoping to kill the agency before it ever got off the ground. But in recent conversations with some industry officials, a more realistic portrait of the young agency is emerging. Marc Savitt, a West Virginia-based loan broker who runs a small trade group, said CFPB “has been very responsive to me” and praised the agency “for asking good questions” when he meets with them. Savitt – and other trade group officials – are lobbying CFPB to change the loan officer compensation rule.
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