The CFPB may announce final rules for mortgage regulations mandated by the Dodd-Frank Act during a Jan. 10 policy roundtable meeting in Baltimore.
CUNA Deputy General Counsel Mary Dunn said CFPB employees have said they expect the mortgage regulations, which include standards for qualified mortgages, loan originator compensation and loan servicing, will be announced at the Baltimore event, or a second policy roundtable meeting Jan. 17 in Atlanta.
NAFCU General Counsel Carrie Hunt said her trade is expecting a series of "rolling releases" from CFPB that will be completed prior to the bureau's Jan. 21 deadline, which falls on the Martin Luther King Jr. federal holiday.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.