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New CFPB Page Consolidates Reg Guidance

Mon, Jun 24, 2013

Washington, District Of Columbia

The Consumer Financial Protection Bureau has consolidated its new and pending mortgage rules, and associated implementation materials, into a new one-stop regulatory resource for credit unions and others impacted by and interested in is rules.

The bureau's new Regulatory Implementation web page includes:

  • Mortgage rules at a glance;
  • Small entity compliance guides;
  • Videos;
  • Quick reference charts;
  • The 2013 rural or underserved counties list; and
  • Other materials.

"Our goal with this page is to provide access to our mortgage-related implementation resources though a single web page that makes the rule content more accessible for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff," the CFPB said in a release.

New resources will be added to the page as they are developed, the bureau added.

The CFPB stressed that the implementation materials are not substitutes for the underlying rules.

Source CUNA News Now