A coalition of consumer and housing advocacy organizations is urging the Consumer Financial Protection Bureau (CFPB) to preserve key mortgage borrower protections, warning that proposed changes to federal lending rules could leave consumers vulnerable to predatory practices and unaffordable loans.
The National Consumer Law Center, National Housing Law Project, National Fair Housing Alliance, Americans for Financial Reform Education Fund and Consumer Federation of America submitted comments opposing changes affecting the Truth in Lending Act and Real Estate Settlement Procedures Act, which together underpin the TILA-RESPA Integrated Disclosure rules.
The groups said the existing framework was developed after years of evidence that details ⇒
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