Joseph Cioffi was quoted in an S&P Global Market Intelligence article, “Wells Fargo’s Latest Scandal Raises Specter of Board Removal.”
Joseph Cioffi was quoted in an Auto Finance News article, “6 Compliance Topics Lenders Need to Watch.”
Joseph Cioffi was quoted in an Inside the Consumer Financial Protection Bureau article, “Compliance Pros Fret Arbitration Rule Will Fuel Litigation.”
Joseph Cioffi was quoted in an Asset-Backed Alert article, “Lehman Estate Targets Mortgage Originators.”
Years ago, “show me the note” contagion took hold in the subprime mortgage market. Borrowers launched widespread attacks on foreclosure actions once tales of successful early challenges were reported in the media. With the recent reports in The New York Times about National Collegiate Student Loan Trusts’ problems enforcing student loans due to incomplete documentation, the same contagion could...
Joseph Cioffi was quoted in an Inside MBS & ABS article, “CFPB Arbitration Rule Could Fuel Litigation, Impair Securitization Market Liquidity.”
As lenders lean on data, algorithms and automation for more efficient loan underwriting, observers have noted that these largely untested tools have yet to go through an economic cycle. The greatest challenge for automated lending, however, may lie in the very technology that drives it. Artificial intelligence and automation aren’t just for lenders, after all—and as companies across industries...
