Consumer Financial Protection Bureau (CFPB) Servicing Issues
The CFPB's Mortgage Servicing Rules helped to standardize mortgage servicing practices and provide important consumer protections. MBA consistently advocates for clarity in guidance for its members so that they can provide consistent, equitable service to all consumers. Providing clear, unambiguous rules for mortgage servicers and recognizing the important and unique relationship between servicers and their customers is critical to ensure a fair and efficient system.
Recent MBA Activity Related to Consumer Financial Protection Bureau (CFPB) Issues
-
MBA Letter to CFPB on RFI Regarding the Integrated Mortgage Disclosures under RESPA and TILA
-
MBA Letter to BCFP on RFI Regarding Tech Sprints
-
MBA Letter to HUD on FR-6111-P-02 HUD's Implementation of the Fair Housing Act's Disparate Impact Standard
-
Joint Letter to CFPB on QM Definition Under TILA
-
MBA Letter to CFPB on QM Definition Under TILA
-
Joint Letter to CFPB on Response to ANPR on the QM Definition
-
Joint Letter to FHA on Proposed FHA Loan-Level Certification Statement and Defect Taxonomy Amendments
-
MBA Letter to BCFP on Advance Notice of Proposed Rulemaking on Residential Property Assessed Clean Energy Financing
-
MBA Letter to BCFP on Policy on No-Action Letters and the BCFP Product Sandbox
-
MBA Letter to CFPB on Section 342 Final Standards for Assessing Diversity with Regulated Entities
