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Home » Nonbank Group Asks CFPB To Tailor Regulations
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Nonbank Group Asks CFPB To Tailor Regulations

April 16, 2018
The Community Home Lenders Association called for regulatory streamlining for smaller independent mortgage bankers in a comment letter to the CFPB in response to its request for information on enforcement and supervision. The CHLA, which claims to be the only national association that exclusively represents IMBs, said the bureau should reduce burdens and compliance risks faced by IMBs “through targeted CFPB exam and enforcement exemptions.” Under current law, every nonbank ...
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