MBA Advocacy Update Aug. 29 2022
Bill Killmer bkillmer@mba.org; Pete Mills pmills@mba.org
On Tuesday, MBA and the California MBA submitted a letter to the California Privacy Protection Agency to express member concerns with recent proposed regulations, which will implement the California Privacy Rights Act. Also last week, FHFA announced its intent to establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing.
MBA Comments on CPRA Data Privacy Regulation
On Tuesday, MBA and the California MBA submitted a letter to the California Privacy Protection Agency to express member concerns with recent proposed regulations, which could implement the California Privacy Rights Act. In the letter, MBA encouraged amendments to the proposed “dark pattern” prohibition, the “disproportionate effort” defense to consumer requests and clarity on the “average consumer” standards.
- Why it matters: California is a leading state in developing data privacy law. In addition to creating obligations in the California market, any regulation created by the CPRA could be used as a blueprint for future rulemaking in other states or on the federal level.
- What’s next: MBA will be prepared for changes to the CPRA and keep members informed.
For more information, please contact Kobie Pruitt at (202) 557-2870 or Gabriel Acosta at (202) 557-2811.
FHFA Announces Advisory Committee on Affordable Housing
On Tuesday, the Federal Housing Finance Agency announced its intent to establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing. The Committee’s purpose is to provide information, analysis and recommendations to FHFA on these matters. The Committee will not set policy or make decisions nor will they have access to non-public FHFA information.
- Why it matters: The Committee will consist of 20 members, serving two-year terms, who have relevant housing experience. The Committee shall include at least one member with expertise in multifamily lending, servicing, development, or investments. FHFA will solicit nominations and applications for membership in a subsequent notice.
- What’s next: MBA will be making recommendations to FHFA on who should serve on the Committee. Additionally, MBA will follow developments closely and report all relevant information to members.
For more information, please contact Sasha Hewlett at (202) 557-2805.
Upcoming MBA Education Webinars on Critical Industry Issues
MBA Education continues to deliver timely programming that covers the spectrum of challenges, obstacles and solutions pertaining to our industry. Below, please see a list of upcoming webinars – which are complimentary to MBA members:
- Vertical Sophistication: Meeting the Challenge of Today’s Market – August 23
- C-PACE Financing 101: A Commercial/Multifamily Lender’s Overview – August 23
- Risk and Compliance Management: Are You Covered? – August 24
- CONVERGENCE: What Does it Cost to Produce a Unit of Housing?: Costs & Elements of Production – August 25
- The Power of Reverse Mortgages for a Changing Market – September 1
- Climate Risk Management: Data & Analytics – September 7
MBA members can register for any of the above events and view recent webinar recordings. For more information, please contact David Upbin at (202) 557-2931.
