Bureau Extends Implementation Date for Mortgage Disclosures
November 26, 2012
In what may prove to be the first of many announcements dealing with the January 2013 mandate for changes under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB has decided to give the mortgage lending industry extra time to implement certain new required consumer disclosures. Per the CFPBs announcement in a new final rule, mortgage lenders will not be required to provide those disclosures until after the bureaus other previously proposed mortgage disclosure rules are finalized...