Consumer Financial Protection Bureau (CFPB)

The U.S. Consumer Financial Protection Bureau (CFPB) was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFPB’s operates as a watchdog to enforce the consumer financial product and service markets. It has consumer protection authority to enforce and investigate (CIDs”) unfair, deceptive, and abusive acts and practices (UDAAP).

  • New Mortgage Disclosure Rule Finalized by CFPB

    November 20, 2013
    Posted in

    The Consumer Financial Protection Bureau (“CFPB”) has finalized new, streamlined mortgage disclosures that are intended to improve the way consumers receive information about mortgage loans, both at the application and closing stages.  The implementation deadline for the disclosures is August 1, 2015 and will follow various new mortgage rules that take effect in January 2014. According to CFPB Director Richard Cordray, the new…

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