ABA, Trades Discuss Key Issues With CFPB’s Kraninger

ABA President and CEO Rob Nichols, along with senior ABA staff, discussed key issues and regulatory concerns in a roundtable meeting with new CFPB Director Kathy Kraninger and key members of her staff on Thursday. Representatives from the Independent Community Bankers Association and two national credit union trade groups also participated.

Participants discussed industry concerns about regulatory challenges and offered suggestions for reform of bureau policies and procedures. Among other things, ABA emphasized the importance of the bureau revisiting HMDA disclosure requirements; simplifying its rulemakings, as suggested in the association’s responses to last year’s “requests for information”; and assuring clear and viable standards under the qualified mortgage rule.