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New CFPB rule extends Truth in Lending protections to PACE loans

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Regulatory Updates
Monday, December 23, 2024

Finalizing a mandate first proposed in 2023, the Consumer Financial Protection Bureau’s (CFPB) new rule concerning Property Assessed Clean Energy loans aims to prevent exploitative lending practices targeting energy-conscious residential borrowers.

The Legal Description spoke with mortgage consultant David Friend, former senior counsel at the CFPB, about the impact of the new rule.

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