Quote of the Day

“President Trump’s executive order implementing a regulatory freeze requires the review and eventual rescission of the CFPB’s costly and duplicative non-bank consent order registry. In earlier comments submitted to the CFPB on the proposed rule, state regulators stated that this information is already publicly available and asked the CFPB not to proceed. The CFPB should not impose these burdensome costs on lenders and waste their resources to create a separate database.”
–MBA President and CEO Bob Broeksmit, CMB