New Consumer Finance Web Site Launched

OnlineEd

(OnlineEd – Portland, OR) Educate, Enforce, and Study are the three main objectives listed over at the new government web site, www.consumerfinance.gov.  The site, operated by the Consumer Financial Protection Bureau, has at its mission “to make markets for consumer financial products and services work for Americans – whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.”

The Consumer Financial Protection Bureau (CFB) was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). Many parts of the act are to be implemented on July 21, 2011.

In addition to policing abuses in consumer financial products, the CFPB will also be responsible for simplifying the disclosure forms that Americans get when they take out a mortgage. By simplifying complex mortgage forms, the CFPB can make it easier for a family to shop for a mortgage and avoid surprises after signing on the dotted line.

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To learn more about the Consumer Financial Protection Bureau, visit their Web site at:  http://www.consumerfinance.gov/

To learn more about Dodd-Frank, please visit the summary posted at:

http://banking.senate.gov/public/_files/070110_Dodd_Frank_Wall_Street_Reform_comprehensive_summary_Final.pdf

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About Jeff Sorg

Jeff Sorg is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center's CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.