CFPB supports promulgation of e-closings
CFPB supports promulgation of e-closings WASHINGTON, D.C. – The Dodd-Frank Act empowered the Consumer Financial Protection Bureau (the “CFPB”) to issue regulations designed to protect and educate consumers regarding financial transactions. While commercial closings are outside the scope of the CFPB, the closing process of retail loans is included in the CFPB’s broad regulatory authority. […]