MBA Launches New CFPB Compliance Program

The Mortgage Bankers Association (MBA) has announced the launch of a new compliance program to help companies in the mortgage finance industry navigate their businesses through the new compliance rules recently released by the Consumer Financial Protection Bureau (CFPB). The program, titled "MBA Compliance Essentials: Education for our New Mortgage World," will be presented through a series of Webinars and related compliance guidebooks that will provide companies with the foundation of essential policies and procedures necessary upon which to build their own compliance programs. “We are pleased that through CampusMBA we can offer comprehensive, top-notch guidance and training for compliance executives at our member companies,” said David H. Stevens, president and CEO of MBA. “This offering is particularly important for our smaller, community-based lenders facing a daunting new regulatory landscape. The CFPB Supervision and Examination Manual is over nine hundred pages long and covers thousands of pages of regulations. The MBA Compliance Essentials program will be a much needed resource to companies that must build compliance management systems to comply with these new regulations.”