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.

###

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

This entry was posted in California Real Estate, Insurance, Mortgage, Nevada Real Estate, Oregon Real Estate, Real Estate and tagged , , , , , , , on by .

About Jeff Sorg

Jeff Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses. Sorg is awarded the International Distance Education Certification Center's CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), REEA (Real Estate Educators Association) the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus; Life Member award; 2020, 2021, 2022 Chairperson of the Oregon Real Estate Forms Committee; Oregon REALTORS State Director. More on request.