MBA President and CEO Bob Broeksmit, CMB, released a statement on the nomination of Brian Johnson to serve as Director of the Consumer Financial Protection Bureau (CFPB).
Tag: CFPB
MBA Statement on CFPB Final Rule on Small Business Lending Reporting
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Consumer Financial Protection Bureau’s (CFPB) final rule (Section 1071) on the Reconsideration of Small Business Lending Under the Equal Credit Opportunity Act (Regulation B).
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.
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.
Autoagent’s Steven Pals: Navigating CFPB Uncertainty, Compliance, Cost Pressures for Servicers
Rising loan servicing costs, tightening profit margins and persistent questions around regulatory oversight–particularly as the Consumer Financial Protection Bureau continues to shift toward a hands-off approach in many areas–have created a landscape where servicers must be agile, lean and resilient.
Autoagent’s Steven Pals on How Servicers Can Maintain Controls Amid CFPB Cutbacks
Steven Pals of Autoagent discusses what servicers should be thinking about in the current regulatory environment.
MBA Premier Member Editorial: A Diminished CFPB–How Will States Respond?
Asurity’s Jonas Hoerler and Diane Jenkins write that with the scaling back and refocusing of the CFPB, the financial services industry is left with uncertainty about what the future holds.
MBA Calls on CFPB to Delay Effective Dates of Registry of Nonbank Covered Persons
In light of President Trump’s “Regulatory Freeze Pending Review” executive order issued last week, the Mortgage Bankers Association asked the CFPB to postpone for 60 days the effective compliance dates for entities subject to its Nonbank Registration Regulation issued on June 3, 2024.
MBA and State MBAs, Consumer Advocates Welcome Long-Awaited Rule on PACE Loans
The Mortgage Bankers Association and National Consumer Law Center, along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued a statement in response to the Consumer Financial Protection Bureau’s final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans.
Mortgage Servicing: Getting Reg X Reform Right is a Top Priority for 2025
Preventing foreclosures requires active collaboration between servicers and homeowners.