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Advocacy and Policy Initiatives

Advocacy

CHLA Continues to Oppose ICE Purchase of Black Knight

The Community Home Lenders of America sent a letter reiterating its strong opposition to Intercontinental Exchange’s (ICE) proposed $13.1 billion purchase of Black Knight. The letter cites CHLA concerns over the merger’s potential anti-competitive and anti-consumer practices.

CHLA Opposes Designation of Any IMBs as Systemically Important Financial Institutions

CHLA responds to to the Financial Stability Oversight Council (FSOC) designating non-bank financial companies as systemically important financial institutions (SIFI). In their letter, CHLA emphasized that labeling any small to mid-sized servicers as SIFI would be inappropriate as they clearly do not pose any systemic risk as mortgage loan originators.

Consumer Mortgage Bill of Rights

“Consumers obtaining a mortgage loan enjoy more consumer protection than with any financial product – however we can do better. CHLA’s ‘Consumer Mortgage Bill of Right’s’ identifies the most common mortgage abuses along with effective, practical solutions to provide full protections.” – Scott Olson, Executive Director

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