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Reverse mortgage rule re. Surviving spouses remanded to hud

USA - October 9 2013 In Bennett v. Donovan, three plaintiffs brought suit against the Secretary of the Department of Housing and Urban Development (HUD) alleging that…

Arthur B. Axelson, Stephen M. Mahieu, J. Kevin Snyder, Daniel J. Zollner.

CFPB issues clarifications and proposes amendments to Ability to Repay and Mortgage Servicing Rules

USA - April 23 2013 On April 19, 2013, the Consumer Financial Protection Bureau ("CFPB") issued proposed amendments and clarifications to its recently issued Ability to…

Michael B. Raines.

The CFPB is looking for (more than) a few good men (and women)

USA - March 20 2013 Perhaps signaling an intention to ramp up its examinations of financial institutions, the Consumer Finance Protection Bureau ("CFPB") issued a call…

CFPB publishes small entity compliance guides for new HOEPA, ECOA, and TILA rules- institutions of all sizes should take notice

USA - May 3 2013 As readers of this blog know, in January 2013, the CFPB adopted rules governing the Home Ownership and Equity Protection Act (HOEPA), valuations…

Jeffrey E. Jamison.

Agencies address fair lending concerns of industry and indicate that ECOA, ability-to-repay rule compatible

USA - October 23 2013 In an October 22, 2013 statement released by the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Board of…

Haydn J. Richards, Jr.