The NWCUA and CUNA point out the rule’s detrimental impact—especially on small credit unions—despite certain concessions.
The CFPB announced that it had discovered an administrative error, which prompted the delay.
Amendments to CFPB Mortgage-Lending Rules Released; CUNA Survey Seeks Credit Unions’ Input on the Compliance Burden
New amendments to the Consumer Financial Protection Bureau’s mortgage-lending rules were released on Friday, adding to concerns about the ability of financial institutions to meet the bureau’s January 2014 deadline for implementation.
Federal Appeals Court Decision Could Delay the Implementation of Several Dodd-Frank Wall Street Reform and Consumer Protection Act Regulations
An improperly conducted cost-benefit analysis could delay the implementation of several regulations.
Pushing for a delay in implementing the Durbin Amendment, the Association and its members are reaching out to Congress through grassroots, editorials, social media, and advertising.