Lawmakers urge Cordray to back privacy notice fix
Rep. Blaine Luetkemeyer at the 2013 NAFCU Congressional Caucus. (Dietsch photo)
Luetkemeyer and Sherman wrote Cordray after his testimony in front of the House Financial Services Committee on Thursday, during which committee members particularly focused on the qualified mortgage standard.
Luetkemeyer and Sherman wrote, “We were particularly pleased to hear of your focus on the annual privacy notice policy that we believe continues to confuse consumers and unnecessarily burden financial institutions.”