Advocacy and Policy
In This Section
As the leading voice for our industry, we offer a comprehensive view of policy implications in the real estate finance space. We rely on our diverse membership to provide the practical knowledge that makes a real difference on the issues that matter most to the economy, real estate finance industry and its customers.
Explore our active issues by market focus or make a difference today by being an industry advocate.
Spotlight on What is New and Important Right Now
- Register for MBA's Annual Convention & Expo, October 27-30, in Austin, Texas. It's the nation's largest gathering of real estate industry professionals and you need to be there!
- Last week, CFPB Director Kathleen Kraninger testified before the House and Senate. In the Senate, the Director addressed the need for a temporary extension of the QM Patch and said the Bureau is seeking comments on how long an extension is necessary to support the transition.
- On Friday, MBA submitted comments in support of HUD's Proposed Rule outlining how to prove disparate impact under the Fair Housing Act. The proposal seeks to align HUD's disparate impact rule with the standard articulated in the Supreme Court's 2015 ruling in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc.
- Final Volcker Rule revisions adopt MBA recommendations. On Tuesday, the Federal Reserve, CFTC, FDIC, OCC, and SEC issued a final rule finalizing changes to the Volcker Rule that the agencies had proposed in July 2018. The rules will go into effect on January 1, 2020, with a compliance date of January 1, 2021. The final rule incorporated both modifications MBA had recommended in its October 2018 comments on the rule to abandon the proposed "accounting prong" from the definition of "trading account," and abandon the proposed prompt notification requirement that would be triggered whenever an institution breached its internal risk limits, in favor of a supervisory approach.