Consumer Financial Protection Bureau (CFPB) Servicing Issues
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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
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MBA Letter to BCFP on LO Comp Rule
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MBA Letter to House Financial Services Committee on the GUIDE Compliance Act and the Protect Affordable Mortgages for Veterans Act
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MBA Letter to Senate Committee on Banking, Housing, and Urban Affairs on Nomination of Kathy Kraninger to Serve as Director of the BCFP
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MBA Letter to BCFP on RFI Regarding the Bureau's Consumer Complaint and Consumer Inquiry Handling Process
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MBA Letter to BCFP on RFI Regarding Bureau Financial Education Programs
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MBA Letter on CFPB's Proposed TRID Delay
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MBA Letter to BCFP on RFI Regarding Bureau Guidance and Implementation Support
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MBA Letter to BCFP on RFI Regarding the Bureau's Inherited Regulations and Inherited Rulemaking Authorities
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MBA Letter to BCFP on RFI Regarding the Bureau's Adopted Regulations and New Rulemaking Authorities
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Joint Letter to Representatives Duffy and Perlmutter on GUIDE Act H.R. 5534
