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Transcripts For CSPAN Key Capitol Hill Hearings 20140611

Minutes. I call this into order. Welcome back to the committee. Today, we continue our regular oversight. Since it opened its doors, it impact on nearly every forct of the Consumer Credit cards and Mortgage Financial education. The bureau has conducted extensive outreach to both industry and consumers and has proven itself to be a regular regulator. Today, has obtained nearly 900 million of refunds and over 375,000 Consumer Complaints. Many of the cfpbs most significant actions relate to mortgage lending. For example, the about our recently finalized its mortgage disclosure to improve closing and provide key long terms to cost and consumer and clear understandable. While the Consumer Experience at the mortgage table is an important aspect of mortgage lending, the ability of consumers to access affordable mortgage credit is critical. Include went into effect this past january. I look forward to hearing how these rules will impact mortgage , particularly for smaller lenders in rural area

Major contractors admit they pay 20% of invoices late

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