Federal Register #CFPB-2026-0018

CFPB Request for Public Input on Mortgage Credit Regulatory Changes

The Consumer Financial Protection Bureau (CFPB) is seeking public input on potential regulatory changes to improve access to mortgage credit. - Government Buyer: - Consumer Financial Protection Bureau (CFPB) - Scope of Request: - Soliciting comments on possible amendments to regulations under: - Truth in Lending Act (TILA) - Real Estate Settlement Procedures Act (RESPA) - TILA-RESPA Integrated Disclosure (TRID) rules - Areas of focus include: - Timing requirements for disclosures - Disclosure forms - Right of rescission - Reverse mortgage disclosures - No OEMs or vendors are involved, as this is a policy-focused request for information - The CFPB is interested in feedback on: - Modernizing origination and closing standards - Reducing lending costs - Facilitating community bank participation in mortgage lending - Unique Requirements: - Input should address both advantages and disadvantages of suggested regulatory changes - Emphasis on reducing regulatory burdens and promoting access to credit

Description

This notice from the Consumer Financial Protection Bureau (CFPB) requests public input on potential regulatory changes aimed at reducing regulatory burdens and promoting access to mortgage credit. The focus is on disclosures under the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA), the right of rescission, and reverse mortgage disclosures. The CFPB seeks to ensure that creditworthy borrowers can access mortgage credit by considering amendments to existing regulations and exploring ways to modernize origination and closing standards. Comments are invited on the advantages and disadvantages of suggested regulatory changes, including timing requirements and disclosure forms.

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