Provide input by Sept. 19 on CFPB's mortgage
Wisconsin credit unions have an opportunity to shape how
mortgage-related disclosures are being reshaped—and the new costs
and compliance burdens they are likely to impose—as part of a
second round of commentary being provided to the Consumer Financial
Protection Bureau (CFPB).
The CFPB, which is continuing its work
implementing the Dodd-Frank financial reforms, has worked to create a
single, simplified rule that combines the sometimes confusing
requirements under the Real Estate Settlement Procedures Act (RESPA) and
the Truth in Lending Act (Reg. Z).
The League, along with its Regulatory Advocacy
Council, encourages credit unions to offer
their comments for inclusion in The League's comment letter.