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NEW: CFPB Releases Mortgage Rule Readiness Guide
WASHINGTON (UPDATED: 7/8/13, 1:20 P.M. ET)--The Consumer Financial Protection Bureau today released the first edition of its 2013 Dodd-Frank Mortgage Rules Readiness Guide.

The bureau in a release said the guide was developed to help institutions of all sizes evaluate their readiness for the impending mortgage rule changes.

The guide provides high level topics that institutions should consider as they implement these rule changes, the CFPB added.

Topics covered in the document include key areas that may be closely examined during a review, and compliance management elements that may warrant review, modification, or other enhancement.

The CFPB said it plans to update the readiness guide as rule clarifications and amendments are finalized and new issues are identified.

For the full document, use the resource link.
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