Consumers frustrated with lack of time to review stacks of paperwork, jargon-filled documents
New rule will not go into effect until August 2015
Do you know where to look?
Part 1: Truth in mortgage disclosure
Bureau: More than 13K comments on draft forms for simplified mortgage disclosure
CFPB trying to combine best features of TILA, RESPA loan disclosures into one form
Many shoppers encounter inaccurate rates, third-party fees
Federal rule would zap lenders' referral power for third-party services
Some are nonsensical and do nothing to help borrowers
Lenders want more time, clarification of new disclosure rules
So why is it absent from lending reforms?
Mortgage disclosures, prepayment penalties eyed