WASHINGTON (9/24/13)--Details of the Consumer Financial Protection Bureau's (CFPB's) final rule that amends its Ability-to-Repay, Mortgage Servicing and Mortgage Loan Originator Rules are laid out in a new Credit Union National Association Final Rule Analysis.
The CFPB amended and clairified parts of the mortgage rules to ensure a smoother implementation process in 2014.
Topics outlined in the final rule analysis include:
For the full CUNA analysis of the CFPB final rule, use the resource link.
CUNA members can also access a compilation of CUNA compliance resources available to help credit unions work through all the regulations' requirements.