On Wednesday, August 5 at 1p.m. EDT, the CFPB will be hosting a forum on the “Know Before You Owe Initiative” on eClosing. The forum will feature remarks from Director Richard Cordray, and include a panel discussion with consumer groups, industry representatives, and members of the public.
While the announcement contains little details on the specific topics to be discussed, presumably the CFPB will address their eClosing pilot project to improve the closing process through the use of technology. If so, this meeting will likely be a follow-up to the April 2014 eClosing forum where the CFPB presented its plan to shift the mortgage industry toward an electronic mortgage closing process.