The Consumer Financial Protection Bureau said Wednesday that it would give mortgage servicers more time to send early intervention notices to distressed borrowers who have asked not to be contacted about the collection of their debts.

The CFPB issued an interim final rule to give servicers a longer, 10-day window to provide modified early intervention notices to borrowers facing foreclosure.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.