Washington Report

Advocacy Updates from Washington D.C.

NAR Comments on CFPB's Five Year Plan

On Wednesday, Oct. 24, 2012, NAR submitted comments to the Consumer Financial Protection Bureau (CFPB) on the CFPB's strategic plan for the next five years.  NAR urged the CFPB to proceed cautiously as it promulgates and implements numerous regulations affecting housing and housing finance. 

NAR urged the CFPB to consider the impacts to consumers and industry of each regulation, reminding them that burdensome  and costly regulations could reduce consumer access to credit or make it much more expensive.  Finally, NAR urged the CFPB to sequence the release and implementation of rules in a manner that minimizes impact and confusion on businesses of all sizes as well as consumers. 

NAR Comment Letter

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.