PHH LOSES TO CFPB IN APPEAL!!! SHOCKER!!!

Nobody saw this coming.  PHH loses to the CFPB by the very court that ruled in PHH’s favor.  How can this happen?  How does this effect PHH and the Mortgage Industry as a whole?  Watch and learn.  Share/Forward/Subscribe

1 Discussion on “PHH LOSES TO CFPB IN APPEAL!!! SHOCKER!!!”
  • Here is a quote from the ruling:

    “The CFPB is neither distinctive nor novel in any respect that calls its constitutionality into question. Because none of PHH’s challenges is grounded in constitutional precedent or principle, we uphold the agency’s structure.”

    The CFPB is no different than other other agency from a structural standpoint. That was issue in this case.

    Brian: I’ve watched you and Frank for years. I have a lot of respect for both of you guys. I really do. Suggestion: Find ways to work with the CFPB and not against them. Your dislike of the agency really shows and it doesn’t make you look good. Changing your approach might help in getting your message across. Your valid points just might be heard. You can always contact your local congressional representative.

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