CUNA welcomes CFPB’s proposed updates to Know Before You Owe mortgage disclosure rule
WASHINGTON, DC (July 29, 2016) — Following the announcement of the CFPB’s proposed updates to its Know Before You Owe mortgage disclosure rule, Jim Nussle, CUNA president/CEO, released the following statement:
“We’ve been advocating for many of these proposed changes since January and initially found the CFPB hesitant to make any changes. Today’s announcement shows they are listening when CUNA, the leagues and credit unions speak. We thank Director Cordray for proposing these changes that we believe should be, overall, helpful to credits unions by adjusting some of the issues we pointed out with the initial disclosure rule that went into effect last Oct. 3.”
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
