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national mortgage news: cfpb kills two biden-era nonbank registries, citing costs

A National Mortgage News Article highlights CFPB rescission of two burdensome CFPB registry requirements, quoting CHLA’s criticisms that the requirements are burdensome and redundant. “As CHLA has pointed out in detailed comment letters, the offender registry requirement is redundant with NMLS requirements, and the form contracts registration requirement asks IMBs to disclose waivers of consumer rights that IMBs are not legally allowed to waive in

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