Quarterly News, Fall 2017
IN THIS ISSUE
Beltway Report
Page 2
Bureau Report
Page 2
Mobile & Emerging Payments Report
Page 3
Mortgage & Fair Lending Report
Page 4
Operations Report
Page 4
Preemption Report
Page 5
Privacy Report
Page 6
Arbitration Report
Page 7
TCPA Report
Page 8
BSA/AML Report
Page 9
MOFO METRICS
1 in 36 Chances of being calle d from the
audience to be a contestant on
The Price Is Right
1 in 167 Chances of someone who applies
becoming an astro naut
1 in 250 Chances of havi ng identical twins
(without fertili ty drugs)
1 in 8,100 Chances of having tri plets
(without fertili ty drugs)
1 in 649,739 Chances of getting a royal flush
in a poker hand
1 in 1,600,000 Chances of be ing killed by an asteroid
1 in 11,500,000 Chances of getting attacked by a shark
1 in 175,000,000 Chances of winning the Powerball lottery
EDITOR’S NOTE
Through hurricanes, wild fires, the publication of Hillary
Clinton’s book, the birth of Amal and George Clooney’s
twins, and the Dodgers’ historic losing streak, Director
Richard Cordray and the CFPB’s Final Arbitration Rule
are still standing. As my colleague Ollie Ireland
explained, these days, it’s easier to predict the weather
than it is to predict what will happen in Congress. So we
wait.
To provide some distraction, focus on this: September is
National Mortgage Professional Month. (If you think I
made that up, check out this link!) So say hello to your
friendly neighborhood mortgage professional. For
further distraction, we’ve packed this Report with all the
blockbusters from the last quarter — read on for the
latest in Privacy, Preemption, Arbitration, Mortgage, the
CFPB, etc.
