CFPB Resists Mortgage Rule Delays, Putting Heat On Lenders

Law360, New York (August 29, 2013, 8:22 PM EDT) -- The Consumer Financial Protection Bureau is holding fast to its plan to fully implement a raft of new mortgage rules in January despite industry pleas for more time, a tough stance banks fear will force them to cut back on lending or face a wave of enforcement and private litigation.

The nearly 4,000 pages of new mortgage rules, which the CFPB released over the course of this past January and is still revising, will change every aspect of a mortgage lender's business, including how they determine...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.