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Home » Store » Inside the CFPB » CFPB Moves Quickly With New Disclosures, But Industry Uncertainty, Anxiety Remains

CFPB Moves Quickly With New Disclosures, But Industry Uncertainty, Anxiety Remains

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The Consumer Financial Protection Bureau isn’t wasting any time in moving forward with its “know before you owe” integrated mortgage disclosure project. Late last week, it released highlights of the thousands of comments it received from the first round of its disclosure prototypes, and early this week it issued a second set of forms for public comment, this time focusing on borrower payments or fees necessary to close a mortgage. In the first round of prototypes (dubbed “Ficus Bank” and “Pecan Bank”), the back page was the same on both versions, whereas the front page ...
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