CFPB Seeks Feedback for Two Disclosure Prototypes

The Consumer Financial Protection Bureau (CFPB) is seeking feedback in response to two proposed disclosures that combine the Good Faith Estimate (GFE) and Truth in Lending (TIL) form. CFPB’s intent is to simplify the information contained on the GFE and TIL to aid consumers  in determining if they can afford a mortgage while providing  transparency to mortgage documentation that can be confusing to consumers. To learn more about CFPB’s initiatives and to weigh in on the available prototypes, go to:  http://bit.ly/jw7k9E

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