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Kelle Clarke
Barely two-and-a-half years old, the Consumer Financial Protection Bureau is leaving its mark. Granted sweeping powers, the agency has launched a comprehensive regulatory effort that already is reshaping the trillion-dollar mortgage finance industry. The new rulebooks being written by the CFPB and its partner agencies have led to reformed business practices, new consumer protection measures and vital industry safeguards designed to rebuild trust in the businesses that originate and service mortgages.
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