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
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
11 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
11 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
12 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
13 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
13 hours ago