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Statement by CUNA President and CEO Bill Cheney on CFPB Delay of Mortgage Disclosure Proposals

Statement by CUNA President and CEO Bill Cheney on CFPB Delay of Mortgage Disclosure Proposals

CUNA LONG URGED DELAY IN MORTGAGE DISCLOSURE RULES

November 16, 2012


FOR IMMEDIATE RELEASE
Contact: Patrick Keefe
CUNA Communications, 202-508-6765
pkeefe@cuna.com


In virtually every meeting with the Bureau, and in all of our comment letters on these issues, CUNA urged a delay in these effective dates. We're grateful that the CFPB listened to us. This extra time will give CUNA, Leagues and credit unions more opportunities to urge the agency to minimize the impact of these proposed rules on credit unions.


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