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NASCUS urged the CFPB to push back the effective date of the new regulations flowing from the Truth in Lending Act and Real Estate Settlement Procedures Act to no earlier than Oct. 3, 2015, and, if possible, to Jan. 1, 2016.

The CFPB originally scheduled the regulation, which impacts the way credit unions handle mortgage loan disclosures and closing schedules, for Aug. 1, 2015. The agency then declared a technical problem would force it to move the effective date to Aug. 15 and asked for comment on an amendment that would push it back even further.

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