November 2013 Articles – CFPB Journal

Financial marketers outspend financial educators 25-to-1

For every dollar allocated to increasing financial literacy, $25 is spent on financial marketing according to a year-long study by the Consumer Financial Protection Bureau.

CFPB consolidates mortgage disclosure forms

On Nov. 20, the Consumer Financial Protection Bureau combined two sets of disclosures: those given to consumers after they apply for a loan and those given consumers before finalizing a loan.

CFPB solicits debt collection data for possible rules

Four months after it began accepting debt collection complaints, the Consumer Financial Protection Bureau has issued an Advance Notice of Proposed Rulemaking seeking information on debt collection.

Cordray offers more QM rule reassurance

Consumer Financial Protection Bureau director Richard Cordray spoke October 28 at the Mortgage Bankers of America annual convention. The chief topic was the CFPB’s upcoming Ability-to-Repay/Qualified Mortgage rule.