RESPA Delay in CFPA Bill Yanked, Lenders Turn to Senate for Relief
October 27, 2009
Industry groups may have to look to the Senate to back their bid to set aside or delay the implementation of a controversial Real Estate Settlement Procedures Act final rule through consumer protection legislation. Last week, a bipartisan amendment postponing the rule’s implementation date of Jan. 1, 2010, in favor of a “reasonable” implementation period was offered but...