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CFPB to hold mortgage field hearing on November 20

Posted in Mortgages

The CFPB has announced that on November 20, 2013, it will hold a field hearing in Boston on “Know Before You Owe: Mortgages.” The event will feature remarks by Director Cordray and testimony from consumer groups, industry representatives, and members of the public. 

Field hearings are typically used by the CFPB to announce new initiatives and developments. It is possible this hearing will be used by the CFPB to announce the issuance of the TILA-RESPA integrated disclosures final rule.  The CFPB has previously indicated that we could expect the rule before year end.