Alert April 15, 2014

CFPB to Hold Field Hearing on Mortgage Closing Process

The CFPB, in alignment with its continuing focus on the mortgage closing process, announced that it will hold a field hearing in Washington, D.C. on April 23, 2014, on this subject. The CFPB previously solicited public comment on “key consumer ‘pain points’” of the mortgage closing process (see January 7, 2014 Alert).