The U.S. Supreme Court holds in a 9–0 decision that class action plaintiffs cannot promise to limit damages in an effort to remain below the Class Action Fairness Act's $5 million federal jurisdictional threshold....more
3/26/2013 - Amount in Controversy CAFA Class Action Damages Jurisdiction SCOTUS
Rule lists criteria that lenders must consider in determining a prospective borrower has the ability to repay a loan and defines Dodd-Frank's concept of a "qualified mortgage." On January 10, the Consumer Financial...more
1/17/2013 - Ability-to-Repay Borrowers CFPB Dodd-Frank Lenders Loans Mortgages Qualified Mortgage Rule TILA
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