Banking Industry Reps Ask CFPB to Delay Implementing Mortgage Rules. The CFPB should delay the January 2014 effective dates of several pending mortgage rules, a number of banking industry representatives said in a letter to CFPB Director Richard Cordray late last week. “These rules will dramatically refocus the entire lending process,” wrote the American Bankers Association and their state association affiliates. “Every participant in that process, from lenders to borrowers, service providers, appraisers, escrow agents, title...