CFPB head Cordray: Here are the next 3 priority areas for enforcement actions

Outlining the regulatory actions of the CFPB from 2014 to the present, Richard Cordray emphasized that the cost of compliance, though burdensome for the mortgage industry, was only what it should expect in light of the damage it caused, saying regulations were "inevitable" in light of the "far-reaching" effects of the financial crisis that Congress was trying to fix.