A policy change is being proposed by the Consumer Financial Protection Bureau that is intended to jump start the use of trial disclosure programs.

TheDodd-Frank Wall Street Reform and Consumer Protection Act gave the bureau the ability to provide legal protections to conduct trial disclosure programs.

Under Dodd-Frank, companies can conduct trial disclosure programs, and the CFPB can provide them with a safe harbor by considering them to be in compliance with, or exempt from, a law.


Source: Mortgage Daily