New Consumer Financial Protection Bureau Rules Target Practices Included in Brown-Authored Legislation to Protect Homeowners

WASHINGTON, D.C. – New rules proposed by the Consumer Financial Protection Bureau (CFPB) today include provisions—authored by U.S. Sen. Sherrod Brown (D-OH)—to protect homeowners from surprises and costly mistakes by their mortgage servicers. Brown’s Foreclosure Fraud and Homeowner Abuse Prevention Act of 2011 would expand access to foreclosure prevention services, while increasing protections for homeowners and investors in mortgage-backed securities.