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

Aug
06
"Finance Charge" Changes Under CFPB's RESPA/TILA Proposed Rule

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

Posted By Sharon Bahr read more
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