Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Spanish Site, New Mortgage Videos Unveiled By CFPB
WASHINGTON (5/16/13)--The Consumer Financial Protection Bureau on Wednesday added new tools to its consumer outreach arsenal, unveiling a Spanish-only version of its website, consumerfinance.gov/es, and a series of videos that break down new mortgage regulations.

Language barriers can make financial struggles more difficult and can make individuals more prone to financial abuse, the agency noted in a release. "Recognizing these challenges, we wanted to provide our Spanish-speaking audience with access to clear, unbiased information about financial products and services," the CFPB said.

The Spanish-language site provides plain-language answers to frequently asked questions. The CFPB said it hopes to include more resources and tools in languages other than English to reach as many consumers "as effectively as possible."

The new CFPB videos provide a general overview of the CFPB's new mortgage rules.

An hour-long video takes on all of the new mortgage regulations.

Shorter, more focused presentations on individual regulations are also provided. Those videos cover:

  • Ability-to-Repay and Qualified Mortgage regulations;
  • The 2013 Home Ownership and Equity Protection Act;
  • Equal Credit Opportunity Act valuations and Truth in Lending Act (TILA) higher-priced mortgage loans appraisal rules;
  • Loan originator compensation regulations;
  • Mortgage servicing regulations; and
  • TILA escrow regulations.
"Although the videos and guides give an overview of the rules, they are not a substitute for the underlying rules," the CFPB stressed.

For more on both CFPB outreach efforts, use the resource links.
Other Resources

CFPB Release
CFPB Videos
RSS





print
News Now LiveWire
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
1 hour ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
2 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
4 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
5 hours ago
.@PCISSC issues new pen test guidelines for businesses to identify network vulnerabilities @CUinfosecurity http://t.co/ENeGTPSMjf
6 hours ago