WASHINGTON — Consumer Financial Protection Bureau Director Richard Cordray defended his agency Wednesday against critics who argue that its proposed new mortgage disclosure rule is too long and cumbersome.

The bureau unveiled the disclosure rule in July. The proposal combined with additional guidance and another proposal to limit consumer fees on certain high-cost mortgages totaled about 1,400 pages for the mortgage industry to digest.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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