{"id":37868,"date":"2023-03-11T12:56:18","date_gmt":"2023-03-11T17:56:18","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/cfpb-launches-nationwide-education-campaign-about-new-mortgage-rules\/"},"modified":"2023-03-11T12:56:18","modified_gmt":"2023-03-11T17:56:18","slug":"cfpb-launches-nationwide-education-campaign-about-new-mortgage-rules","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/cfpb-launches-nationwide-education-campaign-about-new-mortgage-rules\/","title":{"rendered":"CFPB Launches Nationwide Education Campaign About New Mortgage Rules"},"content":{"rendered":"
Materials Offer Consumers Tips on Taking Advantage of New Protections<\/em><\/p>\n WASHINGTON, D.C.<\/strong> \u2014 Today, the Consumer Financial Protection Bureau (CFPB) launched a campaign to educate the public about the new protections provided by the Bureau\u2019s mortgage rules. The Bureau is releasing educational materials in advance of the January 10, 2014 effective dates for its mortgage rules. <\/p>\n \u201cTaking on a mortgage may be the largest financial obligation of a consumer\u2019s lifetime,\u201d said CFPB Director Richard Cordray. \u201cWe want to make sure that potential homebuyers have the information they need to make responsible decisions and that current borrowers know about their new protections.\u201d<\/p>\n The CFPB\u2019s mortgage rules protect consumers from debt traps by requiring mortgage lenders to evaluate whether borrowers can afford to pay back the mortgage before signing them up. The rules also establish new, strong protections for struggling homeowners, including those facing foreclosure. Under the rules, mortgage borrowers will be protected from costly surprises and runarounds by their servicers.<\/p>\n The Bureau is working with industry, housing counselors, and consumer groups to promote a smooth implementation of these rules. Today the Bureau is releasing educational materials to improve the public\u2019s understanding of the new rules and their protections. These materials include:<\/p>\n
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