Entrance to the Consumer Financial Protection Bureau, Washington, D.C. Entrance to the CFPB, Washington, D.C. (Source: Shutterstock)

There were two moves by NAFCU and CUNA on Monday that might seem in opposition, but could have the same end goal in mind: Keep the CFPB in check.

When it comes to keeping things the same, NAFCU filed a letter with the CFPB asking officials to not change any of the mortgage loan originator rules as listed under Regulation Z. The CFPB must review the mortgage loan originator rules regularly, and NAFCU Regulatory Affairs Counsel James Akin said the current rules in place already provide “consistency and trust” and that changing the rules would be disruptive.

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Michael Ogden

Editor-in-Chief for CU Times.

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