Federal Register #CFPB20260018

CFPB Request for Information on Regulatory Changes to Promote Access to Mortgage Credit

The Consumer Financial Protection Bureau (CFPB) is seeking public input on potential regulatory changes to improve access to mortgage credit and reduce regulatory burdens. - Government Buyer: - Consumer Financial Protection Bureau (CFPB) - No OEMs or vendors are mentioned, as this is not a procurement of products or services. - Products/Services Requested: - No products or services are being procured; the CFPB is requesting information and public comments. - Key Focus Areas: - Integrated mortgage disclosures under the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) - Right of rescission for certain mortgage transactions - Reverse mortgage disclosures - Consideration of amendments to Regulation Z, including: - Tailoring requirements for smaller banks - Replacing TRID (TILA-RESPA Integrated Disclosure) timing rules with materiality-based standards - Exempting certain refinancing transactions from rescission rights - Unique Requirements: - Opportunity is for public comment and information submission, not for procurement of goods or services - No specific products, part numbers, or quantities involved

Description

This notice from the Consumer Financial Protection Bureau (CFPB) requests information from the public about potential regulatory changes aimed at reducing regulatory burdens and promoting access to mortgage credit, consistent with applicable law. The CFPB seeks input on industry and consumer burdens related to integrated mortgage disclosures under the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA), the right of rescission, and reverse mortgage disclosures. The goal is to ensure creditworthy borrowers can access mortgage credit more easily by identifying outdated or unduly burdensome regulations. Comments are due by August 10, 2026.

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