The RFI was supported by the other banking regulators, whose directors sit on the board of the FDIC, including Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra. In public statements, Chopra expressed an eagerness to being the process of reviewing and changing bank mergers.
The RFI functioned as a clear notice that the status quo of bank merger approvals was set to be completely overturned by this new administration.
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This year’s report also examines the state and federal focus on data security, demand for change in the appraisal industry and what RESPA experts believe are the CFPB’s next moves.