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This effort will "support rule implementation and ensure the industry is ready to comply with the new borrower protections," the agency stated in a message to financial institutions.
Click here to view the CFPB's Regulatory Implementation Page.
The new page is "the central access point for our mortgage-related implementation materials," the agency said, including:
"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 bureau stated.
Although these implementation materials give an overview of the rules, they are not substitutes for the underlying rules.
LATEST POLICYWORKS NEWSLETTER
updated 08/04/15 09:18 AM
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As a part of your League member benefits, PolicyWorks provides the latest compliance bulletins (formerly TIPs bulletins), educational opportunities, and helpful tips via the PolicyWorks Newsletter. Click here to access the most recent PolicyWorks Newsletter using your email address and League members-only password.
NEW SPANISH TILA-RESPA TOOLKIT
updated 07/28/15 09:18 AM
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The Consumer Financial Protection Bureau (CFPB) has released a Spanish edition of “Your Home Loan Toolkit,” the consumer guide that is designed to replace the current Settlement Cost booklet when the TILA-RESPA Integrated Disclosures rule goes into effect on Oct. 3.