MBA Commends CFPB for Rescinding Nonbank Registration Rules

MBA’s Bob Broeksmit issued a statement in response to the CFPB rescinding its 2024 regulation that would have established a public registry of nonbank entities subject to certain agency and court orders and withdrawing its 2023 proposal to create a registry of nonbank contract terms and conditions:

Bob Broeksmit on MBA Advocacy, Priorities in New Administration

“In this whirlwind of dramatic change–whether a slew of executive orders or landmark legislation coming down the road, MBA is not hanging back and waiting to see how this will play out,” MBA President and CEO Bob Broeksmit, CMB, said at MBA’s National Advocacy Conference.