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Uncertainty Prevails: CFPB’s Proposed Prohibition on Financing Credit Insurance

The CFPB has proposed changes to the Regulation Z prohibition on financing credit insurance premiums (Section 1026.36(i)) as part of several new proposed amendments to the mortgage rules it adopted in January 2013. The prohibition was one of the amendments to Regulation Z made by the CFPB’s final rule on loan originator compensation.

via Uncertainty Remains Under CFPB’s Proposed Changes to Prohibition on Financing Credit Insurance Premiums | Ballard Spahr.

 

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