CarlJoann

I'm here with Joann Needleman, financial services attorney, and board member at the CFPB. Question I have for you today is, what's the future of the CFPB? That's a great question, Carl. Since the Trump administration has come into office, there has been a lot of speculation on whether Dodd-Frank's going to be appealed, and included in that whether there's going to be a CFPB. And it certainly appears to me from the last several months that CFPB is not going away. And I have to say in some ways that's a good thing. I don't agree 100% with all the CFPB has done, but I do agree and have liked the fact that there has been a regulator around for people to understand who the good guys are from the bad, and especially in the home-buying market. It's been really important for first-time home buyers to understand what they should be looking for when they're purchasing a house, what their requirements are when they're trying to get a mortgage. So to that extent, the CFPB has done a lot of good work. It's been very costly for the industry, and so I would hope there will be some of the rollback of more reasonable regulations, clear regulations so that everyone in the industry can understand, but I have to tell you, I think the CFPB is here to stay. Thank you, Joann. So, you heard it here first. Maybe some changes this year coming, but it's here to stay. Thank you.