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.
The NCUA and other federal agencies said Sept. 24 that reporting suspected elder financial abuse does not generally violate privacy law.