CFPB issues temporary rule change to home-equity credit reporting

THE CONSUMER FINANCIAL Protection Bureau recently issued a new rule to temporarily change reporting requirements for banks and credit unions that issue home-equity lines of credit.
THE CONSUMER FINANCIAL Protection Bureau recently issued a new rule to temporarily change reporting requirements for banks and credit unions that issue home-equity lines of credit.
WASHINGTON – The Consumer Financial Protection Bureau last week issued a new rule to temporarily change reporting requirements for banks and credit unions that issue home-equity lines of credit. The federal agency also provided guidance on what information financial institutions are required to collect and report related to mortgage lending. The new rules amend the…

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