Items Tagged with 'mortgage disclosures'


  • Credit unions ask for another year to implement HMDA changes

    NAFCU: Allow voluntary compliance period, first
    Are you prepared for most of the 2015 updates to the Home Mortgage Disclosure Act rule take effect in January 2018? If not, you might not be alone. Credit unions are asking the CFPB for more time to implement the coming rules.
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  • CFPB Launches "Know Before You Owe" Program

    The Consumer Financial Protection Bureau (CFPB) launched a plan to combine the Truth in Lending form with the Good Faith Estimate in an effort to create a single mortgage disclosure that is simpler and easier to understand.  Under the plan, called the "Know Before You Owe" project, consumers, lenders and brokers are encouraged to sign up to help provide feedback about the changes.   Stating a goal to make the process as open and transparent as possible, the CFPB announced that as part of the plan, they will make the new draft disclosures available online during the process and
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