; (2) submit to Congress a notification of the proposed rule and an explanation for the proposed rule; and (3) consider— (A) the history of the market for mortgage servicing assets, including particularly the market for such assets in the period of the financial crisis; (B) the impact on consumer access to mortgage lending and mortgage servicing; and (C) competition in the mortgage servicing market, including analysis of the role community and mid-sized financial institutions play in the mortgage servicing market. (c) Definitions For purposes of this section: (1) Basel III capital requirements The term Basel III capital requirements means the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011. (2) Federal banking agency The term Federal banking agency means the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or the National Credit Union Administration. (3) Mortgage servicing asset The term mortgage servicing asset means those assets that result from contracts to service loans secured by real estate, where such loans are owned by third parties. (4) NCUA capital requirements The term NCUA capital requirements means the final rule of the National Credit Union Administration entitled Risk-Based Capital (80 Fed. Reg. 66626 (Oct. 29, 2015)). 6. Bureau Authority Over Unfair and Deceptive Acts or Practices (a) In general Section 1031 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5531 ) is amended— (1) in the heading of such section, by striking , deceptive, or abusive and inserting or deceptive ; (2) in subsection (a)— (A) by striking , deceptive, or abusive and inserting or deceptive