Two Updates; Fed Did Not Raise Rates & CPFB Delayed Know Before U Owe

Wednesday, The Federal Reserve did not raise key interest rates. They did say they expect to bump them this fall is the economy stays on track.

Today, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said “The CFPB will delay the effective date of the Know Before You Owe rule until October 1, 2015″ These new disclosure rules were part of the Dodd-Frank mortgage lending changes that have been enacted since 2010.

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