The mortgage lending industry had a less-than-enthusiastic greeting for another rulemaking from the CFPB that goes on for hundreds of pages. The initial reaction from the American Bankers Association was muted. Frank Keating, president and CEO, said his organization is pleased that the bureau extended the compliance date and excluded the collection of data on most commercial transactions, something the ABA advocated. “However, we continue to be concerned about the privacy of bank customers’ data and ensuring that their information is properly protected. We look forward to commenting on these important issues,” he added. “The rule also imposes significantly expanded data reporting and collection requirements, so we remain concerned about the appropriate balancing of costs and benefits in order to ...