Participants asked Members of Congress to reach out to BCFP Acting Director Mick Mulvaney to change regulations that are negatively impacting the supply of financing for manufactured homes. Prior to the Hill visits, Acting Director Mulvaney addressed MHI fly-in participants and engaged in a question-and-answer session with MHI’s Financial Services Chairman Jed Gleim. Mulvaney said that for three years he lived in a manufactured home, calling it “a great experience.” He said the Bureau’s actions and policies would be strictly rooted in statute, including what it is called – Mulvaney changed the name from the Consumer Financial Protection Bureau (CFPB) to the Bureau of Consumer Financial Protection (BCFP) to reflect the name given to it in the law. Regarding implementation of S. 2155, he said he was willing to respond to a request for a no action letter telling MHI members they can move forward consistent with the newly passed law. He also agreed to review the HOEPA points and fees triggers for manufactured housing.
One response to “Changing BCFP Regulations to Promote Financing for Manufactured Housing”
This site was… how do I say it? Relevant!!
Finally I have found something that helped me. Thanks!