‘Know Before You Owe’ Rule to be Delayed Two Months

The CFPB announced that it had discovered an administrative error, which prompted the delay.

Scammers Targeting Oregon Taxpayers with Threatening Payment Demands

A sophisticated phone scam is targeting Oregon taxpayers during this tax season, telling victims they owe money to the IRS or Oregon Department of Revenue and demanding immediate payment via debit card or wire transfer.

Regulatory Advocacy Update: Overview of CFPB’s Proposed ‘Know Before You Owe’

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on the CFPB’s efforts to combine RESPA and TILA into a comprehensive rule.

CFPB Begins Mortgage Closing Form Revisions

The CFPB is continuing its process of combining the federal Truth in Lending disclosures with the required Real Estate Settlement Procedures Act HUD-1 settlement statement, entering the second phase of its “Know Before You Owe” project.