22 May 2025
🏡CFPB Seeks Comments on New Information Collection Regarding Mortgage Disclosures
Agency Information Collection Activities: Comment Request
Summary
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the extension of the Office of Management and Budget's (OMB's) approval of a new information collection titled "ICBA Disclosure Testing: Qualitative Pre-testing of Survey (Testing) Instrument and Modified Disclosure Forms."
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$ - Med
The notice involves the CFPB's request for an information collection that affects consumers, which could impact compliance and regulatory functions for business owners dealing with mortgage disclosures. Enhanced industry understanding of loan terms affects consumer behavior and business practices.