CFPB Going Digital

June 9, 2014
Housing Wire 
mortgage lending news
With a surge in new regulation, the Consumer Financial Protection Bureau is executing extra effort to ensure everything is understandable to borrowers, lenders, and servicers alike.

Last year, the CFPB launched its web-based eRegulations tool in an effort to make regulations easier to navigate and understand, says Steve Antonakes, deputy director of the CFPB. "As a result of the positive and helpful input that we received from industry, consumer advocates, and even the tech community, we recently expanded our eRegulations tool to include not only Regulation E but also Regulation Z," Antonakes states. "In doing so, we are providing an intuitive, easy-to-navigate electronic version of the Bureau's regulations implementing the Truth in Lending Act, which will make it easier to understand, use, and implement the recently adopted mortgage rules as well as many other requirements."

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