Rule issued Wednesday requires use of new, simplified disclosure forms in English or Spanish.
In Senate hearing Tuesday, agency director also defends $95 million cost of CFPB building work.
Special page on CFPB's website provides information lenders are required to provide borrowers per new mortgage rules.
Consumers can now allege wide range of problems to federal authority.
Members write banks in their districts will not be ready in time.
Agency considering new rules for debt collection.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
Bureau provides clarification on contacting delinquent borrowers and guidance on home retention efforts after a borrower dies.
America has fallen woefully behind in providing adequate financial education to students and families, especially when it comes to student loans. Recent progress by government agencies, financial institutions and schools themselves is making up for lost time, but many college graduates will still face significant student loan debt that could...