Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Consumer Mortgage Closing Comments Sought By CFPB
WASHINGTON (1/6/14)--Consumers can now forward their mortgage closing "pain points" to the Consumer Financial Protection Bureau, and suggest how their particular pain points might be addressed by market innovations and technology, through a link on the CFPB website, consumerfinance.gov.

The bureau said it wants to hear from consumers or the realtors, settlement closing agents, attorneys, financial counselors and others who work closely with consumers during the closing process.

Credit Union National Association Deputy General Counsel Mary Dunn said CUNA will be working with its consumer protection subcommittee and lending council to provide information to the CFPB that will demonstrate credit unions perform their role in the home mortgage loan closing process well.

The information provided will be used to research and test solutions that address some of the biggest pain points associated with closing on a mortgage, both for consumers and for professionals. Comments will also be used as the CFPB finds ways to improve the closing process.

Comments must be received by Feb. 7.

For more, use the resource link.
Other Resources

CFPB Release
RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
16 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
18 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
20 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
20 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
20 hours ago