Blog | Consumer Financial Protection Bureau

Policy and compliance

Published MAR 12, 2013

Exemption from escrow requirement for small creditors in rural or underserved counties

On June 1, 2013, the Bureau's Escrow Requirements under the Truth in Lending Act rule (Escrows Rule) will go into effect, which require certain creditors to...

By Paul Mondor

Policy and compliance

Published FEB 15, 2013

Qualified mortgages explained

Recently, we released the Ability-to-Repay rule designed to protect consumers from irresponsible lending and begin to lay the framework for stability in the...

By Peter Carroll

Policy and compliance

Published JAN 22, 2013

Temporarily delaying the implementation of our international remittance transfer rule

Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...

By David Silberman

Policy and compliance

Published JAN 17, 2013

New rules, fewer runarounds for mortgage borrowers

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...

By David Silberman

Policy and compliance

Published JAN 10, 2013

Assuring consumers have access to mortgages they can trust

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...

By Richard Cordray

At the CFPB Policy and compliance

Published OCT 12, 2012

Remittance Rule Session

Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...

By CFPB Web Team

Policy and compliance

Published SEP 26, 2012

Working to help industry understand and comply with the new remittance rule: Countries list and webinar

Updated on August 8, 2013: The remittance rule goes into effect October 28, 2013. Visit the remittance rule page for additional information regarding the...

By CFPB Web Team

Policy and compliance

Published AUG 31, 2012

More time for comments on proposed changes to the definition of the finance charge

One part of our proposed rule to improve the disclosures consumers receive when applying for and closing on a mortgage was a change to the current...

By CFPB Mortgage Disclosure Team

At the CFPB Policy and compliance

Published AUG 13, 2012

Your chance to weigh in on mortgage servicing

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...

By CFPB Web Team

At the CFPB Policy and compliance

Published JUL 31, 2012

Explainer: Why did it take 1,099 pages to propose a three-page mortgage disclosure?

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...

By CFPB Mortgage Disclosure Team

Policy and compliance

Published JUL 16, 2012

CFPB’s rulemaking agenda

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...

By Kelly Cochran

Policy and compliance

Published JUL 09, 2012

Know Before You Owe: Introducing our proposed mortgage disclosure forms

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...

By CFPB Mortgage Disclosure Team

At the CFPB Policy and compliance

Published JUL 06, 2012

Know Before You Owe: How we learned to build a better mortgage disclosure

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...

By CFPB Mortgage Disclosure Team

Policy and compliance

Published JUL 05, 2012

Preparing for new mortgage disclosures: A look back at Know Before You Owe

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...

By CFPB Mortgage Disclosure Team

At the CFPB Policy and compliance

Published JUN 06, 2012

New rules governing the CFPB’s enforcement work

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...

By Ori Lev

Policy and compliance

Published APR 10, 2012

What the proposed mortgage servicing rules could mean for you

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...

By Ashley Gordon

Info for consumers Policy and compliance

Published MAR 26, 2012

Remittance transfer rule: A personal perspective

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...

By Nick Rathod

Policy and compliance

Published FEB 16, 2012

We want to make it easier for you to submit comments on streamlining regulations

In November of 2011, we asked you to help us streamline the regulations we inherited from seven Federal agencies. Today we launched our Regulation...

By Richard Cordray

Info for consumers Policy and compliance

Published FEB 14, 2012

Making a difference in the lives of immigrants and others who send money abroad

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...

By Richard Cordray

At the CFPB Policy and compliance

Published AUG 19, 2011

Promoting openness in CFPB rulemaking

Public participation is essential to CFPB's rulemaking process. We firmly believe that input from consumers, industry, and other interested parties will...

By Leonard Kennedy

Policy and compliance

Published JUL 22, 2011

Preserving a level playing field and access to mortgages

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...

By Kelly Cochran

Policy and compliance

Published JUN 23, 2011

Explainer: What is a nonbank, and what makes one “larger”?

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...

By CFPB Web Team