house Bill H.R. 1480
Should State/Federal Regulators Have Greater Access to National Mortgage Information Systems?
Argument in favor
Financial service regulators at the state level need to be able to do their jobs, and accessing the NMLS Registry while staying in line with confidentiality law will help.
07/01/2015
How can you regulate something without access to it ? If it's a clean business, there is nothing to hide.
04/14/2015
I feel like this could perhaps make things easier for people to buy houses which would really help the economy right now.
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04/16/2015
Existing confidentiality of the date will continue but will make the process easier on the state level.
Argument opposed
We should be wary of opening up the information guarded in national mortgage information systems — especially to federal regulators.
07/02/2015
The government encouraged the mortgage bubble in support of a social engineering scheme society could not afford and we want to give them another opportunity to meddle in commerce?
05/18/2016
Don't give any government agency control anything. All they know to do is raise taxes and have meetings All of which are a waste of time and money. Just my opinion
How can you regulate something without access to it ? If it's a clean business, there is nothing to hide.
The government encouraged the mortgage bubble in support of a social engineering scheme society could not afford and we want to give them another opportunity to meddle in commerce?
Stay out of my business. This government intrusion must stop!
Don't give any government agency control anything. All they know to do is raise taxes and have meetings All of which are a waste of time and money. Just my opinion
The government knows too much of my business already. Leave my privacy alone. That includes my medical information and financial information.
They already have enough information, we don't need to give them more power to abuse
I feel like this could perhaps make things easier for people to buy houses which would really help the economy right now.
No. I rather have Federal regulators look at derivatives markets and other bubble-prome schemes. As for state regulators, let the states levy that requirement.
Existing confidentiality of the date will continue but will make the process easier on the state level.
Anything that loosens the monopoly that the Realtor Associations have on the NMLS is , in my opinion, a very good thing.
That's none of their business. It's dangerous and they don't have a need to know.
This is indeed a privacy issue. I believe if this information falls within a criminal investigation the federal regulators have other avenues open to them. Seem like this would give them access to anyone's information at anytime for any reason.
too much of our information is already shared without need and without our okay!