Bankowość centralna · 02/03/2011

Consumer Financial Protection Bureau Proposes Changes to Truth in Lending Rule

The Consumer Financial Protection Bureau is seeking public comment on a proposed rule to amend Regulation Z, also known as the Truth in Lending Act, to implement changes made by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rule would extend the time for maintaining mandatory escrow accounts for higher-priced mortgage loans and improve disclosure requirements for escrow accounts.