Consumer Financial Protection Bureau Proposes Updates to ‘Know Before You Owe’ Mortgage Disclosure Rule

by Press on July 29, 2016

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Washington, D.C. – (ENEWSPF)–July 29, 2016. The Consumer Financial Protection Bureau (CFPB) today proposed updates to its Know Before You Owe mortgage disclosure rule. The proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes proposed today would augment implementation of the Know Before You Owe rule, which took effect last year, and help facilitate compliance within the mortgage industry.