APARTMENT ADVOCATE
NATIONAL APARTMENT ASSOCIATION
Biden Administration Officials , Housing Experts Brief NAA Legislative Committee
Topics of conversation included resident screening , rental assistance and Section 8 . Here are the key takeaways
During last month ’ s Assembly of Delegates meeting in Cincinnati , the National Apartment Association ’ s ( NAA ) Legislative Committee heard from Biden Administration representatives and research experts on important issues facing the rental housing industry . Receiving regular updates from thought leaders and officials is a critical element of the Committee ’ s mission .
Jonah Kaplan , Program Manager for
Consumer Reporting Markets in the Office of Consumer Credit , Payments & Deposit Markets at the Consumer Financial Protection Bureau ( CFPB ) kicked off the Committee ’ s discussion . He briefed the committee on current CFPB projects on consumer credit reporting and other data collection used for consumer screening purposes . This research , and the policy derived from it , will have long-term implications for how rental housing owners screen potential residents and manage risk in their communities . Recently , the Chairman of the Senate Banking Committee , Democrat Sherrod Brown ( D-OH ) urged the CFPB to open an investigation into consumer screening companies , especially as it relates to the accuracy of the data they use in their screens . In addition , Rohit Chopra , the newly appointed Director of the CFPB intends to initiate aggressive regulatory oversight in several areas of the economy . NAA has established channels of communication with the Bureau and will continue to engage with officials there to
42 | TRENDS JANUARY 2022 www . aamdhq . org