Consumer Financial Protection Bureau (CFPB) Servicing Issues
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The CFPB's Mortgage Servicing Rules helped to standardize mortgage servicing practices and provide important consumer protections. MBA consistently advocates for clarity in guidance for its members so that they can provide consistent, equitable service to all consumers. Providing clear, unambiguous rules for mortgage servicers and recognizing the important and unique relationship between servicers and their customers is critical to ensure a fair and efficient system.
Recent MBA Activity Related to Consumer Financial Protection Bureau (CFPB) Issues
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MBA Letter to BCFP on RFI Regarding the Bureau's Adopted Regulations and New Rulemaking Authorities
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Joint Letter to Representatives Duffy and Perlmutter on GUIDE Act H.R. 5534
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MBA Letter to BCFP on RFI Regarding Bureau Rulemaking Processes
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MBA Letter to BCFP on RFI Regarding Bureau Public Reporting Practices of Consumer Complaint Information
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MBA Letter to BCFP on RFI Regarding the Bureau External Engagements
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MBA Letter to BCFP on RFI Regarding the Bureau's Supervision Program
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MBA Letter to BCFP on RFI Regarding Enforcement Processes
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MBA Letter to BCFP on RFI Regarding Bureau Rules of Practice for Adjudication Proceedings
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MBA Letter to the CFPB on RFI Regarding Bureau Civil Investigative Demands and Associated Processes
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Joint Letter to House Financial Service Committee on the Financial Product Safety Commission Act of 2018
