Final Interpretive Rule Includes Additional Instructions for Providing Housing Counselor Information
Washington, D.C. –(ENEWSPF)—April 15, 2015. The Consumer Financial Protection Bureau (CFPB) today issued a final interpretive rule on how to provide mortgage applicants with a list of local homeownership counseling organizations. The interpretive rule restates guidance the CFPB issued in 2013, and provides further guidance for lenders who are building their own lists of housing counselors. The rule also includes guidance on the qualifications…
