WASHINGTON, D.C.–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, took the stage at MBA’s Compliance and Risk Management Conference Sept. 23 to discuss some hot topics–including the recent addition of trigger leads provisions in the National Defense Authorization Act.
Tag: CFPB

To the Point With Bob: FSOC’s Bid to Regulate Non-Bank Firms Will Harm Consumers, Mortgage Sector
This spring, the Financial Stability Oversight Council (FSOC) issued a proposal that would remove procedural requirements and allow it to fast-track the designation of non-bank financial companies as systemically important financial institutions (“SIFI”) subject to enhanced supervision by the Federal Reserve.

Section 1071: A Practical Approach to Unpacking the CFPB’s Final Rule (Sept. 13)
The Consumer Financial Protection Bureau’s Section 1071 requires financial institutions to collect and report data from credit applications made by small businesses. The CFPB finalized a rule to create a …

Section 1071: A Practical Approach to Unpacking the CFPB’s Final Rule (Sept. 13)
The Consumer Financial Protection Bureau’s Section 1071 requires financial institutions to collect and report data from credit applications made by small businesses. The CFPB finalized a rule to create a …

Section 1071: A Practical Approach to Unpacking the CFPB’s Final Rule (Sept. 13)
The Consumer Financial Protection Bureau’s Section 1071 requires financial institutions to collect and report data from credit applications made by small businesses. The CFPB finalized a rule to create a …

Section 1071: A Practical Approach to Unpacking the CFPB’s Final Rule (Sept. 13)
The Consumer Financial Protection Bureau’s Section 1071 requires financial institutions to collect and report data from credit applications made by small businesses. The CFPB finalized a rule to create a …

CFPB Releases Final Rule on Small Business Loan Reporting
The Consumer Financial Protection Bureau last Thursday issued a final rule that would require some lenders to collect and report information about small business credit applications they receive, including geographic/demographic data, lending decisions and the price of credit.

CFPB Provides Guidance on HMDA Loan Reporting Threshold
The Consumer Financial Protection Bureau said yesterday it does not intend to “initiate enforcement actions or cite Home Mortgage Disclosure Act violations for failures to report closed-end mortgage data collected in 2022, 2021, and 2020” for covered institutions that originated at least 25 closed-end loans, but less than 100 closed-end loans in each of the previous two calendar years.

CFPB: Renters at Risk as COVID-19 Safety Net Ends
The Consumer Financial Protection Bureau released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.

CFPB Proposed Rule Focuses on Small Business Access to Credit
The Consumer Financial Protection Bureau on Wednesday proposed a new rule aimed at increasing transparency in the small business lending marketplace.