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  • Comment Detail

  • Date: 08/31/23
    First Name: James
    Last Name: Stewart
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB23

  • Comment

    I am in favor of the proposed rule and make the following suggestion (in response to question 1 on page 20 of the document labeled “RIN 2590-AB23”):
    Expand the definition of the “covered misconduct” to include: violations of the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act involving inappropriate or fraudulent use of a Mortgage Loan Originator’s Nationwide Multistate Licensing System & Registry (NMLS) identification/license number and/or inappropriate or fraudulent application of Temporary Authority as recognized under the SAFE Act.
    Additionally, this rule would benefit from the introduction of a mechanism whereby Whistleblower and other complaints made to the Consumer Finance Protection Bureau (CFPB) which advance to investigation by other Federal or State entities are tracked and reported via a single portal or other service. This would serve to improve consumer protections and, I imagine, help to coordinate the efforts of these agencies /entities and help staff investigation (ref.: CFPB case number WB 48805 and related Federal investigations, US EEOC number 540-2023-00166 and US OSHA number 301005299).