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NAFCU has written the Consumer Financial Protection Bureau to urge the agency to allow credit unions as much time as possible to implement a number of different housing finance regulations expected to be finalized in 2013.

“As NAFCU has discussed in our comment letters to the CFPB regarding qualified mortgages, mortgage servicing, high-cost mortgage loans, loan originator compensation and appraisal reforms, it is pivotal that the CFPB’s final rules in each of the respective rulemakings provide credit unions ample time to implement the regulations,” wrote Carrie Hunt, NAFCU’s general counsel, in a letter to CFPB Director Richard Cordray.

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