MBA Weighs in on CFPB’s Draft Strategic Plan for 2026-2030

MBA submitted a letter to the CFPB Friday in response to the Bureau’s draft Strategic Plan for 2026-2030.

Overall, MBA is supportive of the CFPB’s draft Strategic Plan, primarily its focus on reducing regulatory overreach, lowering compliance costs, and targeting clear consumer harm.

As a next step, MBA urges the Bureau to incorporate the objectives of the Trump Administration’s recent executive order on mortgage credit and ensure that regulatory relief applies broadly across the market–not just to smaller banks–so that all borrowers, regardless of lender type, can benefit from lower costs and improved access to credit.

To advance these goals, MBA recommended several targeted reforms across the mortgage lifecycle: finalize updates to the Regulation X servicing rule to enable more efficient loss mitigation; revise mortgage loan originator (MLO) compensation rules to allow greater pricing flexibility, improve competition, and reduce costs; facilitate true streamlined refinance options for GSE loans by easing QM/ATR and disclosure requirements; and modernize TRID by loosening tolerance thresholds and expanding cure provisions to reduce unnecessary compliance burdens.

Collectively, these changes would enhance affordability, improve market efficiency, and expand sustainable homeownership opportunities while maintaining strong consumer protections, the letter said.