Consumer Protection – May 23, 2012

by BuckleySandler LLP on 5/23/2012

Topics In This Issue: Federal Issues - State Issues - Courts - Miscellany - Firm News - Mortgages - Banking - Consumer Finance - E-Commerce Excerpt from Federal Issues: Federal Prudential Regulators Issue Final...more

by Frank Pipitone on 5/16/2012

Many people with past due rent arrears find relief through the bankruptcy process. In addition, a bankruptcy filing invokes the automatic stay and could be used as a powerful tool to combat a potential eviction proceeding. ...more

by BuckleySandler LLP on 5/14/2012

On May 1, Oklahoma enacted House Bill 2742, which amends the state’s Uniform Consumer Credit Code. The bill increases the dollar threshold for transactions exempt from the Code from $45,000 to $50,000 and requires that the...more

by Ballard Spahr LLP on 5/11/2012

The CFPB’s focus on mortgage reform is again in the spotlight with the CFPB’s announcement yesterday of some of its plans for implementing the residential mortgage loan originator compensation provisions in Title XIV of the...more

by Ballard Spahr LLP on 5/10/2012

The Consumer Financial Protection Bureau announced yesterday that it will propose residential mortgage loan origination standards this summer, with a goal of adopting final rules in January 2013. The standards will address...more

by Ballard Spahr LLP on 5/8/2012

Christopher L Peterson, the Associate Dean for Academic Affairs and Professor of Law at the S.J. Quinney College of Law of the University of Utah, has taken a leave of absence to become (as of yesterday) an “Enforcement...more

by BuckleySandler LLP on 5/7/2012

On April 17, the FDIC issued Financial Institution Letter 2012-02 to apply the recent CFPB guidance on compensation for mortgage originators to FDIC-regulated institutions. The statement directs covered institutions to ensure...more

by Ballard Spahr LLP on 5/3/2012

Among the most anxiously awaited final rules to be issued by the CFPB is the rule implementing the provisions in Title XIV of the Dodd-Frank Act that amended the Truth in Lending Act to create new ability to repay...more