Dodd-Frank Consumer protection Act
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Uploader Comments (resoh2010)
Top Comments
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I like the content, but come on......you couldn't find 2 English speaking humans to do the conversation?
8 months ago 3
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Some very good points here in the video but the new proposed legislation has some merit. We should have self regulated first. Let’s do the right thing by the customer and protect them from the rip off in our business! The job satisfaction of knowing your co-worker that only does a couple of loans a month is not ripping someone off is worth it. The clients need to know that there is some consistency in the business and if you can’t survive on a predetermined fee then go sell used cars.
All Comments (8)
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They need to reinstate Glass-Steagal.
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Hope it's repealed soon
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What program were this little characters made in?
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@CascadeAdvisors : I agree the new proposed legislation has some merit and also had good intentions in protecting the consumer. The SAFE act & NMLS got rid of the bad actors & will continue to weed out the fraudsters, bad apples, & rip off artists. As you should know, borrowers & loan scenarios are NOT one size fits all. Therefore, non flexible predetermined fixed margins or bps does much HARM not only to brokers, but to the very consumers the regs seek to protect, especially small loans & JUMBO
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xtranormal, google it
resoh2010 1 month ago