The Consumer Financial Protection Bureau's new mortgage disclosure rules will now take effect Saturday, Oct. 3, two days later than the previously rescheduled Oct. 1 deadline.

Last week, the changes implementing the new integrated disclosures mandated by the Truth in Lending and Real Estate Settlement Procedures acts were postponed from their original Aug. 1 deadline after the CFPB missed its own deadline for filing paperwork with Congress.

"The bureau believes that scheduling the effective date on a Saturday may allow for smoother implementation by affording industry time over the weekend to launch new systems configurations and to test systems," the CFPB wrote in a proposed rule published Wednesday that outlines the new deadline. "A Saturday launch is also consistent with existing industry plans tied to the Saturday August 1 effective date."

Nearly 300 members of Congress had pushed for the CPFB to delay the Aug. 1 deadline or offer an enforcement grace period to give lenders more time to prepare for the changes. The mortgage industry has welcomed news of the delay, as many lenders and vendors were far from ready for the original Aug. 1 deadline, which bureau conceded as much in the proposed rule for the delay.

"Moreover, in recent weeks, the bureau has learned that delays in the delivery of system updates have left creditors and others with limited time to fully test all of their systems and system components to ensure that each system works with the others in an effective manner," the proposal reads. "These delays pose risks to the smooth implementation of the new forms mandated under the TILA-RESPA Final Rule."

The acknowledgement is noteworthy, given past statements by Steven Antonakes, the CFPB's No. 2 official, who suggested in March the agency would be open to a delay if vendors weren't ready in time — remarks that a spokesperson later sought to walk back.

The proposed rule will be open to public comments until July 7.

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