CFPB Adds Regulatory Implementation Page To Website

In an effort to ensure the mortgage industry is ready to comply with new borrower protection laws, the Consumer Financial Protection Bureau (CFPB) has added a new Regulatory Implementation page to its website.

This new resource consolidates all of the CFPB's 2013 mortgage rules and related implementation materials. It includes compliance guides for each new rule under Dodd-Frank, each of which outlines the new regulations in a FAQ format. The goal is to make the content more accessible for industry constituents, especially smaller businesses with limited legal and compliance staff. Each guide can be downloaded in PDF format.

The new page also includes CFPB videos providing overviews for the new mortgage rules. The videos are produced to serve as companions to the written guides.

The CFPB will be adding more resources to the page as they become available. Users have the option to receive email alerts when new information has been added.

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