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In a letter to the CFPB on Monday, CUNA requested the federal bureau to clarify a discrepancy and exempt credit unions that make five or fewer mortgages in a calendar year from the Know Before You Owe rule, which includes the Truth-in-Lending Act, the Real Estate Settlement Procedures Act and the TILA-RESPA Integrated Disclosures rule.

Peter Strozniak

Credit Union Times

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