The Mortgage Bankers Association (MBA) has submitted testimony to the House Financial Services Committee for its hearing titled, "Perspectives on the Consumer Financial Protection Agency." In its statement, MBA endorses an approach to protecting consumers that incorporates parts of the committee's proposals buttressed by pieces of MBA's Mortgage Improvement and Regulatory Act (MIRA). MIRA would assign regulation of non-depository mortgage lenders and mortgage brokers and implementation of a uniform mortgage lending standard to a federal prudential regulator. MBA stressed the need for one rigorous, uniform national lending standard to eliminate the patchwork of confusing and costly state laws that do not provide consistent protection to consumers nationwide. Click here to read the MBA's submitted testimony to the House Financial Services Committee on the Consumer Financial Protection Agency (CFPA). Click here to find out more about the MBA's MIRA proposal.