NAR submitted comments to the Consumer Financial Protection Board (CFPB) on the proposed rule amending Regulation Z and Regulation X to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In the comments, NAR questions the wisdom and practicality of proposing and implementing the so-called “all in” annual percentage rate or APR.
Comments: CFPB on Amending Regulation Z and X in Dodd-Frank Act
Issue Date: August 31, 2012
NAR submitted comments to the Consumer Financial Protection Board (CFPB) on the proposed rule amending Regulation Z and Regulation X to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In the comments, NAR questions the wisdom and practicality of proposing and implementing the so-called “all in” annual percentage rate or APR.
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