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Staying true to its announcement three months ago, the Consumer Financial Protection Bureau released a set of proposed updates to its Know Before You Owe mortgage disclosure rule after industry calls asked for greater clarity and certainty on the rule. However, the changes, while welcomed, don’t address everything the industry asked for.
Source: CFPB will update Know Before You Owe rule | 2016-07-29 | HousingWire
The Consumer Financial Protection Bureau is sticking to its fact-based approach on enforcement of the Real Estate Settlement Procedures Act and marketing services agreements despite a recent federal appeals court ruling against the agency, CFPB Director Richard Cordray said Oct. 24.
Source: PHH Ruling Not the Last Word on RESPA Enforcement, Cordray Says | Bloomberg BNA