rate checker: CFPB "Rate Checker" Still in the News and Under Attack
- 01/25/15 02:27 AM
Nationally syndicated real estate news columnist Ken Harney has released an article that appeared in The Hartford (CT) Courant on Friday (01.23.2015), entitled "Consumer Agency's 'Rate Checker' Gets An Incomplete Grade". Harney is the latest in a line of mortgage industry leaders, associations and others in the real estate profession to level criticism against the Consumer Finance Protection Bureau ("CFPB") "Rate Checker" tool on its new "Owning a Home" web page. A previous post entitled "Learn About "Owning A Home"...... From CFPB" announced the launch of the web page, and a previous post entitled "MBA Attacks "Owning a Home" Web Page" outlined the critique … (6 comments)
rate checker: MBA Attacks "Owning a Home" Web Page
- 01/15/15 03:14 AM
The Mortgage Bankers Association President and CEO has stated that the Consumer Financial Protection Bureau web page that was unveiled two days ago should be altered to remove the "Rate Checker" tool. A prior post entitled "Learning About 'Owning a Home'....from CFPB" outlined the new educational web page that has been rolled out by CFPB. The MBA is of the opinion that the tool on the page which allows consumers to check interest rates in their states does not go far enough and may violate CFPB disclosure laws and regulations. The statements by the MBA were reported in an article appearing … (14 comments)
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Randy Kirsch
(NMLS# 1012303) Your Dedicated Mortgage Consultant
Nationally syndicated real estate news columnist Ken Harney has released an article that appeared in The Hartford (CT) Courant on Friday (01.23.2015), entitled "Consumer Agency's 'Rate Checker' Gets An Incomplete Grade". Harney is the latest in a line of mortgage industry leaders, associations and others in the real estate profession to level criticism against the Consumer Finance Protection Bureau ("CFPB") "Rate Checker" tool on its new "Owning a Home" web page. A previous post entitled "Learn About "Owning A Home"...... From CFPB" announced the launch of the web page, and a previous post entitled "MBA Attacks "Owning a Home" Web Page" outlined the critique … (6 comments)
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