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
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MBA Letter to the CFPB Regarding Bureau Data Collections and HMDA
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MBA Letter to BCFP on RFI Regarding Bureau Data Collections
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Joint Letter to Senate Leadership Supporting Kraninger Nomination
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MBA Letter to BCFP on Policy to Encourage Trial Disclosure Programs, Docket No. CFPB-2018-0023
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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
