MBA Advocacy Update: MAA Advocacy in August Underway; MBA Comments on FTC’s Proposed AI Policy Statement, more

Mortgage Action Alliance (MAA) Advocacy in August Underway

MAA’s Advocacy in August campaign is now in full swing, with meetings already scheduled and more in development. This annual grassroots push connects mortgage professionals with lawmakers while they are home in their districts for the congressional recess, which is staggered given differing House and Senate schedules, but runs through September 13—and continues into October as lawmakers spend additional time back home during the fall campaign season.

• These conversations strengthen relationships, deepen understanding of real‑world industry impacts, and reinforce MBA’s legislative priorities heading into the 2026 election cycle.

Why it matters: When lawmakers are back home, they are typically more accessible and more focused on constituent concerns. Advocacy in August gives MAA members a high‑impact window to shape policy discussions and elevate the industry’s voice ahead of the next Congress.

What’s next: MBA’s Legislative & Political Affairs team is coordinating targeted meetings, preparing participants through pre‑briefs, and supporting advocates from planning through follow‑up. Please sign up here to be connected with a meeting in your area. Members can stay engaged by joining MBA Advocacy Week (Sept. 14–18), running a MAA or MORPAC campaign, or registering for the next MAA Quarterly Pre‑Election Webinar to stay informed heading into November.

For more information, please contact Jamey Lynch, AMP at (202) 557-2818 or Mike Fiegoli at (202) 557-2708.

MBA Responds to Proposed FTC AI Policy Statement

MBA recently sent a letter to the Federal Trade Commission’s (FTC) proposed Policy Statement Concerning the Suppression of Accuracy in Artificial Intelligence Systems (the Policy Statement). The Policy Statement says that it may be a deceptive practice under Section 5 of the FTC Act to steer the outputs of an Artificial Intelligence (AI) system toward unexpected objectives – including ideological bias – and away from the objectives set by or reasonably expected by users without adequate disclosure or qualification.

• Notably, the Policy Statement suggests this risk could arise even when output steering is undertaken to comply with state law.

Go deeper: The letter expresses support for the broad goal of President Trump’s Executive Order, “Ensuring a National Policy Framework for Artificial Intelligence” to create a standardized set of rules for AI. However, that objective should be anchored in Section 5’s deception standard.

• The letter calls for the Policy Statement to be revised to make clear that legal and compliance measures, safety protections, privacy and security controls, fraud-prevention measures, and other quality-control uses cannot constitute deceptive practices merely because they affect model outputs. Without this clarification, creditors may be stuck in a double bind between complying with federal and state requirements. 

What’s next: MBA will keep members informed about any updates.

For more information, please contact Alisha Sears at (202) 557-2390 or Gabriel Acosta at (202) 557-2811.

MBA Submits Joint Comment Letter to Nevada’s Proposed Data Breach Reporting Requirements

MBA recently submitted a joint trades letter to the Nevada Division of Mortgage Lending in response to proposed data breach reporting requirements. The proposed regulation requires notice to the Commissioner as soon as practicable, but no later than seventy-two hours after discovery of a notification event involving Nevada consumer information.

• The proposed notice must include, among other items, the types of information involved, the number of consumers affected or potentially affected, a description of how the information was exposed, lost, stolen, or breached, the role of any third-party service providers, remediation efforts, and a designated contact person. The proposal also imposes a continuing obligation to update and supplement the initial notice.

Go deeper: The associations expressed support for ensuring that the Commissioner receives timely notice when sensitive consumer information may have been compromised. However, the trade groups requested several clarifications and revisions to ensure the regulation is clear, workable, and aligned with existing federal and state data-security obligations.

Specifically, the letter suggests (along with a series of other recommendations) that the Division should:

• Align Nevada’s notification standard with other states that have adopted the full CSBS Non-Bank Model Cyber Security Law and create a 500-person threshold;
• Align Nevada with national standards providing a 30-day period to report and define when that period begins;
• Clarify how the rule applies to third-party service-provider incidents, and
• Take additional steps to clarify, align and make the notice requirements workable. 

What’s next: MBA will have the opportunity to follow up with the Commissioner next week at the Association of American Residential Mortgage Regulators and will keep members informed about this proposal and its progress.

For more information, please contact Liz Facemire, CMB (202) 557-2870 or Gabriel Acosta (202) 557-2811.

Upcoming MBA Education Webinars on Critical Industry Issues

MBA Education continues to deliver timely single-family programming that covers the spectrum of challenges, obstacles and solutions pertaining to our industry. Below, please see a list of upcoming and recent webinars – all complimentary to MBA members:

• UAD 3.6 Office Hours Part III – Aug. 10
• Introduction to Mandatory Loan Sale Delivery – Aug. 18
• AI Governance, Quality & Risk: A Practical Framework for Mortgage Lenders – Aug. 18
• Using Quality Assurance, Control and Fraud Prevention to Strengthen Loan Operations – August 25

MBA members can register for any of the above events and view recent webinar recordings by clicking here.

For more information, please contact David Upbin at (202) 557-2931.