Consumer Financial Protection Bureau (CFPB)

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Vought’s testimony also comes as a new poll suggests the CFPB retains broad support across party lines

The bureau is seeking feedback on whether federal disclosure requirements raise costs, delay closings or limit access to mortgage credit

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk