On March 15, 2018, the Court of Appeals for the Fifth Circuit reversed a district court judgment and vacated the U.S. Department of Labor’s (the
On November 20th, the Consumer Financial Protection Bureau ("CFPB") proposed amendments that would require mortgage servicers to provide certain
On August 2nd, the Office of the Comptroller of the Currency ("OCC") announced that almost 3 million people have cashed or deposited checks related
On July 9th, the Eighth Circuit held that a national banking association chartered by the OCC but not registered to do business with the Arkansas
On February 15th, the First Circuit discussed the propriety of the Mortgage Electronic Registration System. A homeowner's mortgage note was delivered
On August 10, 2012, the Consumer Financial Protection Bureau ("CFPB") proposed two sets of rules designed to protect mortgage borrowers from mistakes by mortgage servicers.
On June 21st, the OCC and the Federal Reserve Board (the "Board") released guidance that will be used in determining the compensation or other remedy borrowers will receive for financial injury identified during the Independent Foreclosure Review.
On June 11th, the Tenth Circuit held that the Truth in Lending Act requires a borrower seeking to rescind a loan give the lender written notice of rescission within three years of the loan's closing and institute legal action to enforce that right if the lender does not respond.
On February 27th, the Federal Reserve Board released action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing.
On February 27th, the New Jersey Supreme Court unanimously held that under state law, a Notice of Intention to Foreclose sent to delinquent homeowners must include the name and address of the lender.