Representatives of CUNA and NAFCU were briefed Tuesday by officials of the new Consumer Financial Protection Bureau on the proposed combined model mortgage loan disclosure form.
The bureau is set to release the form on Wednesday, which combines previous forms required under the Truth in Lending and Real Estate Settlement Procedures acts.
The financial overhaul bill passed last year, which created the bureau, also mandated that the new bureau consolidate the forms. CUNA and NAFCU were among the groups that had urged the consolidation.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
