The Consumer Financial Protection Bureau (CFPB) is planning to develop a more streamlined, efficient and educational mortgage closing process. To assist in understanding what consumers find most problematic about the current closing process, the Bureau has issued a Notice and Request for Information seeking input on 17 questions covering:
The Comment period is short – less than 30 days. The Credit Union National Association's (CUNA) Regulatory Advocacy team would like your input on any of these questions by January 31, to make sure your interests are represented as the CFPB moves forward with this initiative.
Click here for the proposal.