Remember back in the 1950s when rock ‘n’ roll was going to corrupt the brains of America’s youth and lead to widespread communism? And now this music form is part of the American fabric. Could it be that all the fear mongering over the Consumer Financial Protection Bureau is overblown? The problem is that we won’t know for several years. Meanwhile, at a CBA meeting this week, Richard Davis, president of U.S. Bancorp, basically told bankers to get over the CFPB already. (USB is the nation’s sixth largest residential funder, according to NMN and Quarterly Data Report.) Davis’ message was clear: the CFPB is new and “we haven't had it before. But I don't think it's going to be harmful." For the full story visit the NMN website…
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