The Department of Defense (DOD) has issued an Interpretive Rule on the Military Lending Act (MLA), which limits the military annual percentage rate that a creditor may charge to a maximum of 36 percent and requires specific disclosures.
The Consumer Financial Protection Bureau (CFPB) has issued a 293 page proposal to amend the Truth in Lending and Real Estate Settlement Procedures Act integrated disclosures rules (TRID).
Learn about the latest regulatory compliance issues affecting banks and credit unions. Find out what regulations may be implemented soon, and how to comply with new regulations.
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