Fintech Lenders Circumnavigate Regulation
Opendoor is stepping into the mortgage space in Texas & Arizona. Arizona passed a ‘regulatory sandbox program’ which allows Fintech companies (like Opendoor & Zillow) to circumnavigate standard CFPB mortgage regulations. In Arizona Opendoor can be your realtor, lender, and title agent simultaneously (what could go wrong?). Already having developed a reputation for hidden fees […]