Based on the President’s executive order 13772 on The Core Principles for Regulating the United States Financial System, the American Bankers Association (ABA) submitted a white paper to Treasury Secretary Mnuchin that criticizes the revised Home Mortgage Disclosure Act (HMDA) rule adopted by the CFPB.
The executive order requires the Treasury Secretary, based on the core principles laid out in the executive order, to identify the federal laws that promote and inhibit the regulation of the United States financial system. … Continue Reading