The CFPB announced the availability of a revised version of the Consumer Handbook on Adjustable Rate Mortgages ("CHARM booklet"). The CHARM booklet provides information to consumers about the features and risks of adjustable rate mortgage loans. Under Regulation Z, lenders must provide a copy of the CHARM booklet or a suitable substitute to borrowers of every application for an ARM loan. The CHARM booklet was made available on January 10, 2014.
