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USA - January 23 2013
On January 17, 2013, the Consumer Financial Protection Bureau ("CFPB") issued final rules (the "Final Rules") detailing national mortgage servicing…
USA - January 11 2013
More than twenty months ago, the Board of Governors of the Federal Reserve System (the "Board") first proposed a rule amending Regulation Z to…
USA - November 9 2012
Recently, the US Consumer Financial Protection Bureau ("CFPB") published comprehensive proposed rules (the "Proposed Rules") in the nature of national servicing standards applicable to servicers of residential mortgage loans.
USA - October 19 2012
On September 11, 2012, the Federal Housing Finance Agency, together with Fannie Mae and Freddie Mac (the "GSEs"), announced changes to the GSEs' representation and warranty framework for conventional single family loans that meet the payment history and other requirements established by the GSEs, and that are sold or delivered to the GSEs on or after January 1, 2013.
USA - August 13 2012
Charging unfair, deceptive, or abusive acts or practices ("UDAAP") in its first public enforcement action, the Consumer Financial Protection Bureau ("CFPB") issued a Consent Order to Capital One Bank (USA), N.A. (the "Bank") on July 17, 2012 for allegedly "deceptive acts or practices" in connection with the marketing, sales and operation of payment protection and credit monitoring products to credit card consumers (the "CFPB Consent Order").
