MBA Commends CFPB for Rescinding Nonbank Registration Rules

MBA President and CEO Bob Broeksmit, CMB, a statement in response to the Consumer Financial Protection Bureau (CFPB) rescinding its July 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: ‘MBA Won’t Rest Until GSE Release Is Done Right’

LAS VEGAS–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, took the stage at the organization’s Annual Convention and Expo, Oct. 20. When it comes to conversations with the administration about GSE reform, “we don’t just have a seat at the table,” said Broeksmit. “We’re near the head of the table–and we’re speaking loud and clear.”