The mortgage lending community now has a prime opportunity to bring the Consumer Financial Protection Bureau up to speed on the concerns it has with a number of the regulations it has to contend with.Last week, the CFPB formally solicited public input on how to streamline the regulations that have been promulgated under more than a dozen consumer financial laws that the agency inherited from seven federal agencies as per the Dodd-Frank Wall Street Reform and Consumer Protection Act.“The inherited regulations serve important public policy purposes and provide key protections to consumers,” the CFPB said in its proposed notice and request for information, which was published in the Dec. 5, 2011, Federal Register. “But the bureau believes there may be opportunities to streamline the inherited regulations by updating, modifying, or eliminating outdated, unduly burdensome or unnecessary provisions.”