The proposed rule would classify data brokers as consumer reporting agencies when they sell certain sensitive consumer information. However, it is doubtful whether the proposal will move forward under Trump.
The Mortgage Bankers Association said HUD regulations don’t expressly prohibit convenience fees, and a retroactive administrative enforcement of an “apparent new policy” is inappropriate and misguided.
Industry trade groups want FHFA to rescind recently issued GSE guidelines and related surveys, and instead use the request-for-input process to make policy changes.