A group of 26 U.S. senators wrote a letter to CFPB Director Richard Cordray urging him to delay new mortgage rules set to take effect in January 2014.
Regulator targets health-care lending subsidiary for accrued interest practices.
Alaska Democrat joins 25 GOP lawmakers in asking CFPB to delay new rules that take effect in January.
NAFCU, CUNA see minimum direct impact on credit unions but leveling of playing field.
The Consumer Financial Protection Bureau issued a final rule Nov. 20 that requires the use of new, simplified mortgage disclosure forms available in English and Spanish that detail the terms of a mortgage to homebuyers.
Cash America must repay $14 million, told to change practices. Military targeting, robo-signing cited.
Rule issued Wednesday requires use of new, simplified disclosure forms in English or Spanish.
In Senate hearing Tuesday, agency director also defends $95 million cost of CFPB building work.
Special page on CFPB's website provides information lenders are required to provide borrowers per new mortgage rules.
Consumers can now allege wide range of problems to federal authority.