CFPB to offer guides for understanding new mortgage rules

02/13/2013 | Hill, The · (free registration)

The Consumer Financial Protection Bureau says it will release easy-to-understand guidelines and expectations for banks and consumers regarding new regulations for home mortgages. The agency also will coordinate with other federal agencies and plans to release interpretive updates in response to industry and consumer input. Readiness checklists will be released this summer, the CFPB says. The rules must be implemented by next year.

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Hill, The · (free registration)

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