CFPB Hints at More to Come on Mortgages, Non-Banks


The Consumer Financial Protection Bureau hinted this week that continuing to work on regulations addressing mortgage lending and non-bank financial institutions will dominate its work into 2014.

The bureau on Wednesday published a semi-annual update to its regulatory agenda.

The CFPB noted that it has published several new rules relating to housing finance and said that it was working with stakeholders to implement them and clarify parts of them that might be confusing. The bureau also said in its Wednesday announcement that it expected to have its reform of housing finance disclosures finished by early next year.

“We are also working to complete a rule to integrate and streamline federal mortgage disclosures,” the CFPB update said.

“Pending the results of additional testing, we expect to issue the final rule this fall, although we would not expect any implementation work to begin until after the January 2014 effective date for the earlier mortgage rules,” the agency wrote.

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