Oakwood Escrow is an independent escrow company in San Diego. This video shows how Oakwood Escrow is on board with the new Consumer Financial Protection Bureau’s laws (CFPB).
As of October 3rd, 2015 the new CFPB regulations were put into place. Oakwood Escrow created this video to help educate the whole on the new rules and to display their compliance with the new regulations with a funny twist.
What is CFPB?
They are an agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.
What does CFPB do?
CFPB works to Educate the consumer, Enforce the rules, and to Study new information.
What is their goal?
CFPB’s main goal is to ensure consumers get the information they need to make the financial decisions they believe are best for themselves and their families. They want all the information to be upfront and clear for the consumer.
To read more Click Here: CFPB