Oregonian

Oregon Latest State to Tighten Lending Regulations HW+

The Oregon Department of Consumer and Business Services (DCBS) announced Thursday that it is taking several measures to strengthen regulation of the mortgage lending industry. The department said changes — which include adopting new rules and guidelines, and increasing education and enforcement efforts — represented the state regulators’ response to consumer and industry concerns. The guidelines, based on Federal guidance which has now been adopted by 19 states, will become part of the method used by examiners and investigators during compliance reviews of state law and regulation.