Regulation and Compliance

MBA Releases “The Roadmap to CFPB 2.0”

Mar 11, 2019
The Mortgage Bankers Association (MBA) has published “The Roadmap to CFPB 2.0,” a new paper that offers the trade group’s recommendations on strengthening the mission of the Consumer Financial Protection Bureau (CFPB)

The Mortgage Bankers Association (MBA) has published “The Roadmap to CFPB 2.0,” a new paper that offers the trade group’s recommendations on strengthening the mission of the Consumer Financial Protection Bureau (CFPB).
 
The paper is based on the MBA’s responses to 12 requests for information (RFIs) that the CFPB issues in 2018 regarding its supervisory practices and how it regulates the financial services industry. The paper is a follow-up to the MBA’s 2017 publication “CFPB 2.0: Advancing Consumer Protection.”
 
“The Bureau has shown an admirable willingness to listen to stakeholder concerns about how it can improve both its own practices and the regulations it is tasked with enforcing,” said MBA President and CEO Bob Broeksmit. “The recommendations laid out in this roadmap will further strengthen CFPB’s policies and ensure that all consumers are treated fairly and equally and have access to the quality sustainable products they deserve.”
 
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Phil Hall
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Mar 11, 2019
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