Residential Real Estate, Election & Politics Law, Consumer Protection

Financial Services Legislative And Regulatory Update -- March 25‚ 2013

by Abby Matousek, Jason M. Rosenstock | Mintz Levin - Public Finance on 3/26/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - Members rushed out of town at the end of last week for a two-week...more

Defendants In CFPB Enforcement Action Renew Challenge To Validity Of Director’s Appointment

by BuckleySandler LLP on 2/25/2013

On February 11, a law firm and related parties sued by the CFPB for allegedly deceiving consumers through a network of mortgage loan modification businesses filed a brief in which they renewed a challenge to the CFPB...more

Past CFPB actions may portend fate of mortgage rules

by Richard J. Andreano, Jr. | Ballard Spahr LLP on 2/5/2013

Following the invalidation of three presidential “recess” appointments to the NLRB by the D.C. Circuit Court of Appeals in Noel Canning v. NRLB, theories continue to swirl about the fate of Director Cordray....more

Weekly Brief: Lawyers Laid Off After Foreclosure Settlement [Video]

by Bloomberg Law on 1/10/2013

Jan. 10 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. A major settlement between Fannie Mae and several large banks has resulted in many lawyers suddenly finding themselves...more

Could the CFPB’s first filed enforcement action result in a challenge to Director Cordray’s appointment?

by Ballard Spahr LLP on 8/2/2012

The CFPB has filed its first enforcement action. It did so in a sealed complaint filed on July 18 in federal court in California against a law firm that offered mortgage assistance relief services to consumers. The complaint...more

House Members Urge CFPB To Adopt QM Rule With Safe Harbor

by BuckleySandler LLP on 7/16/2012

This week, 90 members of the House of Representatives reportedly sent a letter to CFPB Director Richard Cordray urging the CFPB to include a clear and strong safe harbor in its final “ability to repay” or “qualified mortgage”...more

Special Alert: California Legislature Approves Key Parts of State’s “Homeowner Bill of Rights”

by BuckleySandler LLP on 7/6/2012

On July 2, the California State Legislature passed AB 278 and SB 900 (“the Bills”), two substantively identical pieces of legislation that implement significant portions of the “Homeowner Bill of Rights” initiative announced...more

New York’s Proposed Foreclosure Fraud Prevention Act Would Criminalize “Robo-Signing”

by Dechert LLP on 7/3/2012

On June 22, the New York State Assembly passed the “Foreclosure Fraud Prevention Act of 2012,” which defines residential mortgage foreclosure fraud and criminalizes “robo-signing” and other “fraudulent or deceptive” practices...more

New York Attorney General: Foreclosure Fraud and “Robosigning”

by Bilzin Sumberg Baena Price & Axelrod LLP on 6/18/2012

New York Attorney General, Eric T. Schneiderman, has announced the introduction of a bill that would protect New Yorkers from fraudulent business practices in the foreclosure process, including “robosigning.” The...more

Massachusetts State Senate Advances Foreclosure Legislation

by Mintz Levin on 6/14/2012

The Massachusetts Senate last week passed Senate Bill 2298, “An Act to Prevent Unlawful and Unnecessary Foreclosures.” The Senate vote came just weeks after the House of Representatives passed similar legislation, (see MLS...more

CFPB Seeks More Input on Ability-To-Repay Rule

by Ballard Spahr LLP on 6/1/2012

Consistent with recent rumors that adoption of a final ability-to-repay/qualified mortgage rule would be delayed until after the November election, the CFPB has reopened the comment period on the proposed rule. (The original...more

Congressional draft letter favors QM “safe harbor”

by Ballard Spahr LLP on 5/29/2012

U.S. Representatives Capito (R, WV) and Sherman (D, CA) are circulating a draft of a letter on the Hill which urges the CFPB to “craft a safe harbor [in the Ability to Repay/QM rule] that strikes the right balance between...more

Date’s remarks underscore Bureau’s focus on mortgage reform

by Ballard Spahr LLP on 5/11/2012

On the heels of Director Cordray’s remarks about the CFPB’s focus on debt collection Deputy Director Raj Date spoke to mortgage industry members at MBA’s National Secondary Market Conference in New York City on May 7, 2012...more

Bipartisan "Consumer Mortgage Choice Act" Introduced in U.S. House to Expand Dodd-Frank's Exemption for "Qualified Residential...

by Saul Ewing LLP on 4/27/2012

Members of the U.S. House of Representatives from both parties filed on Thursday, March 29, 2012 the "Consumer Mortgage Choice Act" ("CMCA"). If enacted, CMCA would amend Dodd-Frank Act's calculation for determining if a...more

The Walls Are Closing In: Chinese Drywall Issues Prompt Legislation and Litigation

by Duane Morris LLP on 5/21/2009

Certain drywall manufactured in China is allegedly defective. It has been alleged that this defective drywall corrodes electrical wires and copper coils, and emits "rotten egg" fumes that cause respiratory health problems. It...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

Residential Real Estate › Election & Politics Law › Consumer Protection

Financial Services Legislative And Regulatory Update -- March 25‚ 2013

Defendants In CFPB Enforcement Action Renew Challenge To Validity Of Director’s Appointment

Past CFPB actions may portend fate of mortgage rules

Weekly Brief: Lawyers Laid Off After Foreclosure Settlement [Video]

Could the CFPB’s first filed enforcement action result in a challenge to Director Cordray’s appointment?

House Members Urge CFPB To Adopt QM Rule With Safe Harbor

Special Alert: California Legislature Approves Key Parts of State’s “Homeowner Bill of Rights”

New York’s Proposed Foreclosure Fraud Prevention Act Would Criminalize “Robo-Signing”

New York Attorney General: Foreclosure Fraud and “Robosigning”

Massachusetts State Senate Advances Foreclosure Legislation

CFPB Seeks More Input on Ability-To-Repay Rule

Congressional draft letter favors QM “safe harbor”

Date’s remarks underscore Bureau’s focus on mortgage reform

Bipartisan "Consumer Mortgage Choice Act" Introduced in U.S. House to Expand Dodd-Frank's Exemption for "Qualified Residential...

The Walls Are Closing In: Chinese Drywall Issues Prompt Legislation and Litigation

Weekly Brief: Lawyers Laid Off After Foreclosure Settlement [Video]

Expand Your Reach