The CFPB announced yesterday that they will issue a proposal to delay the effective date of the Integrated Disclosures Rule to October 1, 2015.
Apparently, there was an administrative error which would have delayed the effective date by a couple of weeks. The CFPB is being extra generous in proposing the two-month delay.
There will be a comment period, but obviously, a final decision needs to come shortly!
We will keep you posted!
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients.
Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!