Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 19, 2013

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In This Issue:

- FEDERAL ISSUES

- STATE ISSUES

- COURTS

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- SECURITIES

- CREDIT CARDS

- Excerpt from Consumer Finance:

CFPB Announces Field Hearing on Student Loan Issues. On April 18, the CFPB announced a field hearing about student loan issues, to be held in Miami-Dade County on May 8, 2013. The announcement states the event will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. In the past, the CFPB has made policy announcements in connection with field hearings. On April 8, the comment period closed on a CFPB notice and request for information regarding policy options to "increase the availability of affordable payment plans for borrowers with existing private student loans." The CFPB also recently proposed a rule to allow it to supervise "larger participant" nonbank student loan servicers. The comment period for that proposal does not close until May 28, 2013.

Please see full Infobytes below for more information.

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Topics:  Arbitration, CFPB, Class Action, Elder Issues, Federal Reserve, FHA, Financial Adviser, Financial Planning, FinCEN, Flood Zones, Foreclosure, Freddie Mac, HUD, Interest Rates, Lenders, Mortgages, Repossess, Richard Cordray, Servicing Policies, Student Loans

Published In: Civil Procedure Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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