CFPB is poised to release mortgage-form prototypes, Warren says

04/18/2011 | Bloomberg · Wall Street Journal, The

Elizabeth Warren, the special adviser to the White House, said the Consumer Financial Protection Bureau is working on forms for mortgages. "We've come up with a couple of prototypes," Ms. Warren said. "In a few weeks, we'll be ready to share those prototypes." The simplified forms are part of the agency's efforts to improve housing finance. Ms. Warren also rejected the idea of a panel overseeing the CFPB rather than a single director. "The idea of going back to try and change that piece is just designed to throw sand in the gears," she said.

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Bloomberg · Wall Street Journal, The

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