Consumer Financial Protection Bureau (CFPB) Origination Issues
The CFPB administers and enforces the most significant rules governing the mortgage market. It is charged both with regulating the consumer financial legal landscape and promoting consumer financial opportunities. MBA supports both of the Bureau’s
statutory mandates and advocates for improvements and clarifying interpretations on the QM rule, the Loan Originator compensation rule, RESPA servicing rule, TRID, ECOA, and the other key statutes under the Bureau’s authority. We also work to ensure
that the Bureau lays out clear rules of the road to follow rather than try to use enforcement actions to outline industry responsibilities.
Recent MBA Activity Related to Consumer Financial Protection Bureau (CFPB) Issues
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MBA Comment Letter to CFPB on Regulation V
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MBA Joint Letter to Senate Banking Committee on CFPB Nominee Jonathan McKernan
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MBA Letter to Senate Banking Committee on CFPB Director Nominee Jonathan McKernan
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MBA Joint Letter to Senate Banking Committee on FHFA Nominee Bill Pulte
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MBA Letter to CFPB on Non-Bank Consent Order Registry
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MBA Letter to the CFPB on the CFPB’s Regulation X
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MBA Joint Letter on the CFPB’s NPRM on Regulation X
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MBA Joint Letter on LEP to CFPB Regarding Regulation X Proposal
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MBA Letter to CFPB on Comment Period Extension for Delaying Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders
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MBA Comment Letter to CFPB on Mortgage Closing Costs RFI
