This week, The Consumer Financial Protection Bureau (CFPB) launched an initiative to engage every American in the design of a simpler mortgage disclosure form. By visiting Know Before You Owe, your voice will be heard on what information lenders and brokers should share when any American applies for a mortgage. It is the latest “startup” of the Obama Administration and embodies three important principles:
Congratulations to the CFPB team on an impressive launch. It’s now up to you to visit Know Before You Owe and let your government know how to design a mortgage disclosure form that empowers you.
Aneesh Chopra is U.S. Chief Technology Officer