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Written guidance a must for mortgage disclosure implementation, industry says
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Banking, Consumer Protection
Thursday, September 18, 2014
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A coalition of major trade associations urged the Consumer Financial Protection Bureau to work with stakeholders to craft uniform written guidance as industry participants implement the agency’s new mortgage disclosures rule. In a joint letter to the bureau, 16 groups representing the real estate, mortgage and settlement services industries suggested several steps the bureau should take to address the “steady stream of questions and issues” that will likely require bureau guidance.
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