WASHINGTON, July 9 -- Consumer Financial Protection Bureau has issued a proposed rule called: Request for Information Regarding Promoting Access to Mortgage Credit.
The proposed rule was published in the Federal Register on July 9 by Russell Vought, Acting Director, Consumer Financial Protection Bureau.
Summary: This notice requests information from the public about potential regulatory changes that may reduce regulatory burdens and promote access to mortgage credit, as appropriate and consistent with applicable law. The Consumer Financial Protection Bureau (Bureau or CFPB) seeks to reduce unwarranted regulatory burdens to ensure that creditworthy borrowers can access mortgage credit. Specifically, the CFPB is requesting information on in...