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Article

Frost Brown Todd LLC | USA | 29 Jan 2013

Consumer Financial Protection Bureau issues new rules on qualified mortgages

The Consumer Financial Protection Bureau ("CFPB") has adopted a final rule creating additional requirements for lenders to document and confirm

Article

Frost Brown Todd LLC | USA | 26 Apr 2012

Consumer Financial Protection Bureau weighs into rescission argument under the Truth in Lending Act

On March 26, 2012, the Consumer Financial Protection Bureau filed an Amicus Brief in the United States Court of Appeals for the Tenth Circuit in which it took the side of the consumer in an interpretation of Section 125 of the Truth in Lending Act relating to the statutory right to rescind certain types of mortgage loans.

Article

Frost Brown Todd LLC | USA | 9 Jan 2012

The Consumer Financial Protection Bureau is now accepting mortgage related consumer complaints

The Consumer Financial Protection Bureau (“CFPB”), was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, an overhaul of the nation's financial regulations, and is tasked with defending consumer rights with banks, mortgage companies, the credit-card industry, payday lenders and others.

Article

Frost Brown Todd LLC | USA | 29 Apr 2011

Comment period on "ability to repay" rules now open

Earlier this month, the Federal Reserve Board requested public comment on a rule that would revise Regulation Z, which implements the Truth in Lending Act, with "Ability to Repay" requirements.

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