ABA Requests Meeting with DoD and Comment Extension on MLA Proposal (11/21/14) ABA and five other organizations filed comments to DoD requesting a joint meeting with the Department and the financial industry trade association representatives to discuss the proposed rule on Military Lending Act. ABA and the associations also filed separate comments requesting an extension of the comment period. Read ABA's Staff Analysis of the Proposed Rule. See our Summary of the Proposal .
CFPB Proposes New Round of Servicing Rule Updates (11/21/14) CFPB proposed several changes to its servicing rule, some of which address problems in the rule raised by ABA. An ABA survey shared with the CFPB showed that the industry has several different ways of handling delinquency calculations, and ABA has long sought clarity on this point.