In a few weeks the Consumer Financial Protection Bureau (CFPB) officially will open its doors, but it will be “months” before the agency promulgates any new servicing regulations, according to a top official there.

In prepared testimony slated for Capitol Hill Thursday morning, Raj Date, associate director for research, markets and regulation at the agency, offered no details on what servicing changes the CFPB may bring except to say the agency will “use its authorities to help ensure that all mortgage servicers have adequate systems and procedures to ensure compliance with federal law.”

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