General World News

CFPB Director Rohit Chopra on who’s going to benefit from mortgage automation

Editor in Chief Sarah Wheeler sat down with Consumer Financial Protection Bureau Director Rohit Chopra for a podcast this week and the talk turned to technology and tech companies. This interview has been edited for length and clarity. Listen to the whole episode here.

Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. To that point, let’s talk about the new CFPB rule around AVMs.

Rohit Chopra: I think appraisals are such a big issue. We want to make sure, and we saw this, you know, 15, 20 years ago — details ⇒

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