When you take out a mortgage loan to buy a home, you trust the mortgage servicing industry to work. Mortgage servicers are responsible for sending you...
Today, we're issuing one of our most important rules to date, the Ability-to-Repay rule. It's designed to assure the reliability of mortgages – making sure...
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...
Your opinion is important – weigh in now. As we talked about on Friday, the Bureau is trying to put the customer service back in mortgage servicing. We are...
Dear CFPB, Recently, I saw your notice of proposed rulemaking to combine and simplify existing mortgage disclosures. It's 1,099 pages long! Why does it take...
Today, we are posting a semi-annual update of the CFPB's rulemaking agenda. The Office of Management and Budget (OMB) has not published the full federal...
With something as important as a mortgage, you ought to be able to get up-front, easy-to-understand information that lets you compare different offers and...
This is the post second in a series. Yesterday, we looked at the origins of the Know Before You Owe project for simplifying mortgages. Today, we look back...
The idea behind Know Before You Owe is simple: we believe in making disclosures simpler and more effective, and doing so with the input of the people who...
Today, the CFPB is posting three final rules and one interim final rule that we have sent to the Federal Register for publication. The rules deal with our...
Delinquencies. Defaults. Foreclosures. Let's face it: before the housing crisis, these and many other terms were foreign to many of us. Since 2008, however...
As a child of South Asian immigrants, I recall my parents frequently sending money back to our family and friends in India. They would use a service to send...
Over my years of public service, I've met a lot of hard-working people who regularly send money transfers, or remittances, to family members and others...
Public participation is essential to CFPB's rulemaking process. We firmly believe that input from consumers, industry, and other interested parties will...
Today, the CFPB is issuing an interim rule effective immediately to fill a regulatory gap. Some lenders are chartered or licensed by states, while others...
Dear CFPB, I noticed you posted a request for public comments on "larger participants" for your "nonbank supervision" program. I don't understand what this...