A group of 15 financial trade organizations, including NAFCU and CUNA, sent a letter to the CFPB requesting a review of contradictory state laws before the full implementation of the bureau's TILA/RESPA mortgage disclosures rule.

"Countless state laws and practices threaten to add additional complexity to the implementation of the integrated disclosures rules. Varying disclosures of similar information in different formats will only frustrate consumer understanding," the Sept. 17 letter read.

"To reduce that consumer frustration we ask that the bureau begin to review both duplicative and contradictory state laws with an eye to exercising any necessary authority to ensure that the objectives of this important effort are achieved," the letter also said.