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CFPB Delays Some Effective Dates

Nov
19

The Consumer Financial Protection Bureau (CFPB)  is extending the effective date of several mortgage disclosures required by the Dodd-Frank Act that have to be included in the new TILA-RESPA forms.  These new forms are expected to be finalized by early spring.  The CFPB announced the delay on November 16. 

Posted By Sharon Bahr read more

MCUA Urges Changes to CFPB's TILA-RESPA Rule

Nov
15

On November 6, 2012, the Missouri Credit Union Association (MCUA) filed a comment letter with the Consumer Financial Protection Bureau (CFPB) on the agency’s proposed rule to amend Regulation Z, Truth in Lending Act (TILA), and Regulation X, the Real Estate Se

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Credit Unions Hear from CFPB Director

Sep
04

Credit union representatives took part in a conference call with CFPB Director Richard Cordray to ask questions and raise concerns about recent regulations. The call lasted an hour and a range of issues was discussed including the mortgage-related proposals and international remittances.

Posted By Halley Hayden read more

Proposed Mortgage Servicing Rules Issued by CFPB

Aug
10

The CFPB today issued two proposals to implement provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding servicing of mortgage loans.

Posted By abucaida@mcua.org read more

"Finance Charge" Changes Under CFPB's RESPA/TILA Proposed Rule

Aug
06

As part of the Consumer Financial Protection Bureau’s (CFPB) 1099-page proposed RESPA/TILA rule, the CFPB is proposing some significant changes to Section 1026.4 of Regulation Z which defines the “finance charge.”  Importantly, these proposed changes will result in a more inclusive finance charge, which, absent further action by the CFPB, will increase the number of closed-end mortga

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CFPB Proposes New RESPA/TILA Rule and Disclosure

Jul
19

The Consumer Financial Protection Bureau (CFPB) on July 9, 2012 issued its much anticipated proposed rule and forms to combine certain disclosures required under the Real Estate Settlement Procedures Act (RESPA) with disclosures required under the Truth in Lending Act (TILA), as required by the Dodd-Frank Act.  The proposal also addresses new disclosure requirements required by the D

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RESPA/TILA Know Before You Owe Project - Update

Jul
13

On July 6, the Consumer Financial Protection Bureau (CFPB) posted another blog entry giving more details on the specifics behind the entire Know Before You Owe mortgage disclosure project.  The CFPB states that “Soon, [it] will submit a Notice of Proposed Rulemaking to the Federal Register to begin the public notice–and-comment process.”  Notably, the CFPB also indicates that wh

Posted By Sharon Bahr read more
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