MHI has signed onto a joint letter to the U.S. Senate which opposes the creation of a Consumer Financial Protection Agency (CFPA). This agency would regulate all consumer loan products including home loans, credit cards, student loans, auto loans, etc. Because the authority of the proposed CFPA is so broad, it could impose unreasonable standards and liability exposure on any provider of financial services. MHI was able to procure an exclusion for manufactured and modular housing retailers in a financial services regulatory bill passed by the U.S. House of Representatives in December of last year. The bill is now before the Senate Banking Committee and MHI will continue to be fully engaged as financial services reform legislation is considered. The joint letter was sent to the entire U.S. Senate and was signed by 32 national organizations.