Consumer Financial Protection Bureau (CFPB) Proposes Mortgage Loan Servicing Rules
On August 10, 2012, the CFPB proposed mortgage servicing rules that cover nine major topics and implement the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provisions related to mortgage servicing. The comment periods for the proposals close on October 9, 2012. The CFPB anticipates analyzing the comments and issuing final rules by January 2013.
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