In the December 5, 2011 issue of the Federal Register, the Bureau of Consumer Financial Protection (the Bureau) published notice that it is requesting specific suggestions from the public for streamlining regulations it recently inherited from other Federal agencies. It asks those interested to identify provisions of the inherited regulations that the Bureau should make the highest priority for updating, modifying, or eliminating because they are outdated, unduly burdensome, or unnecessary. We believe this is an excellent opportunity for the mortgage banking community to advise the Bureau of regulatory concerns adversely affecting their mortgage lending activities. Comments must be submitted by March 5, 2012, and refer to “Docket No. CFPB-2011-0039.” They may be submitted by any of the following methods: 1. Electronic: http://www.regulations.gov. Follow the instructions for submitting comments. 2. Mail: Research, Markets & Regulations Division, Bureau of Consumer Financial Protection, 1500 Pennsylvania Avenue NW., (Attn: 1801 L Street NW), Washington, DC 20220. 3. Hand Delivery/Courier in Lieu of Mail: Research, Markets & Regulations Division, Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC 20006.
