lobbying_activities: 1549335
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| id | filing_uuid | filing_type | registrant_name | registrant_id | client_name | filing_year | filing_period | issue_code | specific_issues | government_entities | income_amount | expense_amount | is_no_activity | is_termination | received_date |
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| 1549335 | a9a4e384-3214-4957-94dc-f0114be01e09 | Q2 | COMMUNITY BANKERS ASSOCIATION OF ILLINOIS | 400531588 | COMMUNITY BANKERS ASSOCIATION OF ILLINOIS | 2014 | second_quarter | CSP | Community Bankers Association of Illinois (CBAI) 2014 Federal Policy Priorities - Mortgage lending reforms - imprudent lending practices, impacting responsible lenders and loan products, meeting the diverse needs of community bank customers and their communities, differences between non-traditional versus predatory lending practices, exemption of community bank mortgage loans held in portfolio, restrictions on balloon mortgages and escrow requirementsprepayment penalties, originator compensation, limited credit availability Including, Qualified Mortgage (QM) status from the CFPBs Ability-to-Repay rules for loans originated and held in portfolio by community banks, balloon mortgages regardless of pricing, use of rural and underserved designations for QM eligibility for community banks and greatly expanding the definition of each, annual loan origination and asset threshold limits for small creditors, small servicer exemption for loans held in portfolio, community banks exemption from escrow requirements for loans held in portfolio and for small dollar amount loans, proposed adoption of the QM definition for Qualified Residential Mortgages (QRM) that would not require a high down-payment requirement (House and Senate) Housing Finance (GSE Secondary Market) Reform - Fannie Mae/Freddie Mac/FHFA unsustainable long-term conservatorship, community bank access to an impartial secondary market for residential loans, financial stable and reliable, government tie to secondary market (continued flow of credit and market liquidity), aggressive repurchase requests of transferred residential mortgages for technical violations Including, selling loans through an independent entity that does not compete with community banks, no appropriation of community bank customer data for the purpose of cross selling financial services, the Federal Home Loan Banks as a community bank access point (but not the only access point) to the national secondary market, pricing of any governmental guaranties, fairness and equality to all participants regardless of volume of loans guaranteed, and further consolidation of housing finance system that would result in several mega banks and financial firms dominating the market (House and Senate) Enhanced security for consumer data (data breaches) - responsible parties responsibility for fraud losses and the cost of mitigation, sharing of information, and a national standard for notification, community banks bearing the majority of fraud losses and reissuance costs, retailers responsibility to protect sensitive customer data (House and Senate) Remaining Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act Including, ensure the Consumer Financial Protection Bureau (CFPB) focuses on large banks, financial firms and shadow financial companies, holding the mega banks and financial firms up to the same high standards for compliance with consumer laws as required and attained by community banks, governance (single Director versus five member commission), prudential regulators participation with CFPB in the rule writing process, FSOC veto of CFPB rules, CFPB exemption authority regarding community banks, revision in the definitions of rural and underserved areas in the Ability to Repays Qualified Mortgage (QM) rules, consistent and transparent standards in the evaluation of community bank fair lending standards, disparate impact and unintentional discrimination (House and Senate) ***** S. 635 Privacy Act Notice Modernization Act of 2013 (redundant privacy notice regulatory relief) (all sections) (Senate) H.R. 1750 CLEAR Relief Act of 2013 (community lending enhancement and regulatory relief) (all sections) (House)CBAI Comment Letters - Comment Letter CFPB Advanced Notice of Proposed Rulemaking, Debt Collection (Regulation F), Docket No. CFPB-2013-0033-0001, RIN 3170-AA41 Comment Letter FHFA Fannie Mae and Freddie Mac Loan Purchase Limits: Request for Public Input on Implementation Issues No. 2013-N-18 CBAI Action Alerts H.R. 4521 Community Institution Mortgage Relief Act (exempt community bank portfolio loans from new escrow requirements and raise the small services exemption) (all sections) (House) H.R. 4466 Financial Regulatory Clarity Act (requires federal regulators to consider whether proposed regulations are duplicative or inconsistent with existing regulations) (all sections) (House) H.R. 2673 Portfolio Lending and Mortgage Access Act (any residential mortgage held in portfolio by the originator is a Qualified Mortgage) (all sections) (House) | Federal Deposit Insurance Corporation (FDIC),Federal Housing Finance Agency (FHFA),Federal Reserve System,HOUSE OF REPRESENTATIVES,SENATE,Treasury, Dept of | 50000 | 0 | 0 | 2014-07-13T16:11:56.700000-04:00 |