Official comments on the CFPB proposed mortgage disclosure rules are dues Oct. 18. CU trade associations' initial response is mixed.
WASHINGTON - CFPB Director Richard Cordray and Rep. Andy Barr (R-Ky.) offer diverging views on the bureau.
Company rolls out new software providing TILA-RESPA support, plans to work more closely with Fannie.
Trades support a Jan. 1 deadline; NAFCU calls for a compliance testing period for credit unions.
In a letter, CUNA asks the CFPB to push back the deadline to Jan. 1, 2016.
Only three circumstances will require additional review time for borrowers, Cordray says.
ORLANDO - New rules could complicate credit union vendor relations too, attorney says.
Your TILA-Respa action plan checklist.
Session comes as modifications are set to go into effect Aug. 1.
Expect the CFPB to scrutinize overdrafts, payday lending, prepaid cards, auto loans and mortgage lending.