You & Mortgage Disclosure Feedback

The Consumer Financial Protection Bureau (CFPB) is tasked with the duty of protecting American families from unethical lenders, banks, and other financial institutions.  The CFPB is currently working on an improved disclosure form for home mortgages.  You have an opportunity to provide feedback on which of the two forms work better.

I think it's a significant step in improving how American homebuyers understand what they are getting into.  Will this be the last step?  Of course not.  At the moment of closing, the average family has already made arrangements to leave the former residence into the new home, and very often feel trapped when there are unexpected changes or details.  They're hardly in a position to protest or simply walk away.  But at least with this, they'll have better information earlier.