The Truth in Lending Act (TILA) ban on mandatory arbitration provisions in certain mortgage loans becomes effective on June 1, 2013. Lenders now using mortgage loan documentation containing such provisions should take steps...more
5/17/2013 - Dodd-Frank Mandatory Arbitration Clauses Mortgages Regulation Z TILA
A borrower can bring a lawsuit seeking rescission more than three years after loan consummation as long as the borrower has sent a written notice of rescission within the three-year period, the U.S. Court of Appeals for the...more
2/7/2013 - Borrowers Loans Mortgages Rescission Statute of Limitations TILA Written Notice
The CFPB has issued its semiannual regulatory agenda which identifies seven regulatory matters that the CFPB “reasonably anticipates” having under consideration during the period from October 1, 2012 to October 1, 2013....more
1/14/2013 - CFPB Debt Collection Dodd-Frank EFTA Regulatory Agenda TILA
The 2013 Defense Authorization Bill (H.R. 4310), currently awaiting signature by President Obama, makes several changes to the Military Lending Act. Last week, both the House and Senate agreed to the conference report....more
12/28/2012 - CFPB Military Lending Act Military Service Members NDAA Servicemembers’ Civil Relief Act TILA
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