Skip to main content

NFCC Partners With CFPB on Education Initiative

NationalMortgageProfessional.com
May 12, 2015

The National Foundation for Credit Counseling (NFCC) has announced its participation in the Consumer Financial Protection Bureau’s new Financial Education Exchange (CFPB FinEx).

“Financial educators rely on quality training and resources to help them serve consumers,” said NFCC president and CEO Susan C. Keating. “We are pleased to be a part of this service made available by the Consumer Financial Protection Bureau, and are grateful for their support of consumers and financial educators.”

Results of NFCC initiatives like Sharpen Your Financial Focus have confirmed that consumers often struggle with multiple forms of financial distress including credit card debt, student loan repayment, and housing. NFCC member agencies provide essential counseling services that take a holistic approach toward resolution of these complex issues, and serve as a bridge to other reputable resources when necessary.

While the NFCC will be making all of the CFPB FinEx resources available to counselors throughout the network of more than 600 community-based offices nationwide, they will also provide feedback to the CFPB as a part of the ongoing process that will help maintain the highest quality support while ensuring that the financial educator training and toolkits are current.

Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021