MBA, State Regulators Ask CFPB to Withdraw Nonbank Registry Proposal

The Mortgage Bankers Association urged the Consumer Financial Protection Bureau to withdraw a controversial proposal requiring covered nonbank financial institutions to register with and report to the Bureau when they become subject to certain public local, state, or federal consumer financial protection agency or court orders.

State Regulators Encourage Licensees to Prepare for the NMLS Renewal Period

The Conference of State Bank Supervisors encourages state licensees to begin taking steps to prepare for the Nationwide State Licensing System license renewal period. Federally registered MLOs and institutions must also renew their registrations via NMLS by Dec. 31.