NEW YORK (CNNMoney.com) -- Financial reform is on its way. The 2,000-plus bill will be signed next week by President Obama. Here are some changes you can expect.
If you were rejected for a loan, or suffered an "adverse action," like an increase in your insurance charges or you were denied a lease, you can get a free peak at your credit score from the three credit bureaus. You've always been able get a free credit history, once a year, from each TransUnion, Experian and Equifax by going to annualcreditreport.com.
The mortgage industry will also change.
There will be limits on what's known as "liar loans," in which there was no income verification for mortgages. Lenders will be required to fully document a borrower's income. And they'll have to determine whether or not you're able to pay back that loan.
This bill also prevents lenders from offering incentives to mortgage brokers who try to sell loans with unfavorable interest rates to borrowers.
And, we'll also see the end of most prepayment penalties. A prepayment penalty is a fee you'll pay in the event you pay off your loan early.
But because of all these changes, experts say it may be harder to get a loan in the first place because mortgages won't be as profitable for banks.
One of the biggest changes in this bill is the creation of a Consumer Financial Protection Bureau that will be housed within the Federal Reserve. This new agency will have the ability to regulate lending activities of all kinds.
In addition, there will be the creation of an Office of Financial Literacy. This office will be charged with developing programs to teach Americans about savings, loans, liens and fees. The agency will establish standards for financial advice programs and will help Americans avoid becoming victims of scams.
Talkback: Do you think the Wall Street reform bill will change big bank behavior? 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
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