U.S. Department of Housing and Urban Development issues Final Rule affirming use of disparate impact to establish liability for violations of the Fair Housing Act *

USA - February 15 2013
The U.S. Department of Housing and Urban Development ("HUD") issued a final rule ("Rule") on February 8, 2013, which provides additional support to…

Co-authors: Patrick D. Dolan , Ralph R. Mazzeo, Robert H. Ledig.

---

U.S. Consumer Financial Protection Bureau seeks comments to proposed amendments to the ability-to-repay requirements and Qualified Mortgage Rule *

USA - February 14 2013
The U.S. Consumer Financial Protection Bureau (the "Bureau") has released a proposal (the "Proposal") to amend the Bureau's recently issued final…

Co-authors: Patrick D. Dolan , Ralph R. Mazzeo, Linda Ann Bartosch , Robert H. Ledig.

---

U.S. Consumer Financial Protection Bureau issues rules on mortgage servicing; creates new rights for borrowers, raising issues regarding legal authority for foreclosure action prohibition *

USA - January 24 2013
On January 17, 2013, the Consumer Financial Protection Bureau ("Bureau") took another major step in the restructuring of the U.S. residential…

Co-authors: Patrick D. Dolan , Steven G. Bradbury, Ralph R. Mazzeo, Robert H. Ledig, Robert J. Rhatigan .

---

U.S. Consumer Financial Protection Bureau issues rules on qualified mortgages and ability to repay *

USA - January 14 2013
Congress in the Dodd-Frank Act responded to concerns about the quality of mortgage loans by establishing incentives for lenders to seek to ensure…

Co-authors: Patrick D. Dolan , Laurie J. Nelson , Ralph R. Mazzeo, Linda Ann Bartosch , Robert H. Ledig.

---

U.S. Financial Stability Oversight Council proposes recommendations for money market fund reform *

USA - December 7 2012
On November 13, 2012, the U.S. Financial Stability Oversight Council (FSOC) voted to issue proposed recommendations (Proposed Recommendations) to the U.S. Securities and Exchange Commission (SEC) regarding additional reforms to Rule 2a-7 and other rules under the Investment Company Act of 1940 (Act) that govern money market funds (money funds).

Co-authors: Brenden P.Carroll, Stephen T. Cohen , Gordon Miller, Jack W. Murphy, Robert H. Ledig.

---