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ARTICLE · 20 MAY 2013

CFPB Releases Plain Language Video Guides For New Mortgage Rules

Bradley Arant Boult Cummings LLP
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In January 2013, the Consumer Financial Protection Bureau issued a series of new rules affecting the mortgage industry.

United StatesConsumer Protection
Jonathan Kolodziej
Jonathan Kolodziej
Jason Bushby
Jason Bushby

In January 2013, the Consumer Financial Protection Bureau (CFPB) issued a series of new rules affecting the mortgage industry. These rules touch upon a wide variety of areas, including originations, appraisals, and servicing. The rules become effective at various dates, but generally they become operative either on June 1, 2013, or in January 2014.

Recently, the CFPB released plain-language guides for each of the rules, which are available on the CFPB's YouTube channel. They are in video form and summarize each of the upcoming rules in an easy-to-understand manner. The most recent release contains a single video that provides an overview of all of the rules together, as well as shorter videos that focus on each rule individually.

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