TILA, CFPB | JD Supra Law News

CFPB Releases Plain Language Video Guides for New Mortgage Rules

by F. Wendell Allen, Jason Bushby, Christy Hancock, Jonathan Kolodziej, Robert Maddox, D. Brian O'Dell, David Roth | Bradley Arant Boult Cummings LLP on 5/17/2013

In January 2013, the Consumer Financial Protection Bureau (CFPB) issued a series of new rules affecting the mortgage industry. These rules touch upon a wide variety of areas, including originations, appraisals, and servicing....more

FTC confirms continued commitment to vigorous enforcement in letter to CFPB

by Barbara S. Mishkin | Ballard Spahr LLP on 5/16/2013

In its annual letter to the CFPB on its 2012 administrative and enforcement activities related to Regulations B (ECOA), E (Electronic Fund Transfers), Z (TILA) and M (Consumer Leasing), the FTC stressed that it is “committed...more

CFPB Publishes Additional Mortgage Rule Compliance Guides

by BuckleySandler LLP on 5/13/2013

On May 2, the CFPB published three additional guides to assist companies seeking to comply with its HOEPA rule, ECOA valuations rule, and TILA high-priced mortgage appraisal rule....more

CFPB issues more small entity compliance guides for mortgage-related rules

by Barbara S. Mishkin | Ballard Spahr LLP on 5/7/2013

The CFPB has issued several more Small Entity Compliance Guides on its mortgage-related rules. In addition to its guide on the ability-to-repay and qualified mortgage rule, the CFPB has now issued Small Entity Compliance...more

CFPB Solidifies Loan Originator Compensation Restrictions, Dumps Zero-Zero Requirement

by Melanie Brody, Jonathan Jaffe, Kristie Kully, Eric Mitzenmacher | K&L Gates LLP on 4/24/2013

Even though the loan originator compensation rule (the “Final Rule” or “Rule”) finalized by the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) in January passed without as much fanfare as the Bureau’s Qualified...more

Burr Alert: Consumer Financial Protection Bureau Amends Regulation E And Regulation Z

by Jordan Teague | Burr & Forman on 4/23/2013

In late March, the Consumer Financial Protection Bureau ("CFPB") issued final rules amending Regulation E, 12 C.F.R. § 1005.16, which implements the Electronic Fund Transfer Act, 15 U.S.C. § 1693 et seq. ("EFTA"), and...more

CSBS Urges CFPB To Adopt Rural Designation Petition Process

by BuckleySandler LLP on 4/9/2013

On April 2, the CSBS released a letter it sent to encourage the CFPB to adopt an additional procedural mechanism for the CFPB to utilize when determining whether an area should be defined as “rural.” The CSBS explains that...more

More Paper? CFPB Revamps Disclosure and Delivery Requirements for Valuations under ECOA

by Nanci Weissgold, Kathryn Williams | K&L Gates LLP on 4/4/2013

Come January 2014, creditors will be required to equip borrowers with more information on how the value of the borrower’s home is determined, even if the creditor doesn’t use that information in making its lending decision....more

Mobile Payments Start-Ups: The need to know landscape

by Erin Fonté | Cox Smith on 4/3/2013

Originally published in E-Finance & Payments Law & Policy - February 2013. New payments companies need to be aware of the legal and compliance issues that are part of operating in two of the most heavily regulated US...more

CFPB issues final rule excluding credit card pre-account opening fees from 25% limit

by Barbara S. Mishkin | Ballard Spahr LLP on 3/28/2013

The CFPB has published a final rule in today’s Federal Register amending Regulation Z (Truth in Lending) to remove fees paid before a credit card account is opened from the scope of the 25% limit on total fees that may be...more

Dodd-Frank News - March 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

by Rachel Cash, David Elliott, Kristin Peters, Jordan Teague | Burr & Forman on 3/27/2013

In This Issue: - Recent Cases ..CFTC Jurisdiction Under the Commodity Exchange Act ..Dodd-Frank Amendment to the TILA ..Preemption ..Say-On-Pay Voting ..Pre-Dispute Arbitration Agreements ...more

Burr Alert: A Look At The Consumer Financial Protection Bureau's New Loan Originator Compensation Rule Under The Truth In Lending...

by Jacquelyn Hutzell | Burr & Forman on 3/22/2013

On February 15, 2013, the Office of the Federal Register published the Consumer Financial Protection Bureau’s ("CFPB") final rule on loan originator compensation requirements under the Truth in Lending Act (Regulation Z)....more

You Need to Pay Attention to the Consumer Financial Protection Bureau

by Rich Benenson, Eric Berg, Jeffrey Rugg, Jonathan Sandler | Brownstein Hyatt Farber Schreck on 3/21/2013

For those companies who pay attention to the always evolving regulatory environment as we do at Brownstein Hyatt Farber Schreck, you have likely heard the debate regarding the validity of rules promulgated by organizations...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 8, 2013

by BuckleySandler LLP on 3/11/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CRIMINAL ENFORCEMENT -...more

CFPB Issues New Mortgage Servicing Requirements

by Joseph D. Simon | Cullen and Dykman LLP on 2/20/2013

The Consumer Financial Protection Bureau (“CFPB”) has issued two final rules that impose significant new mortgage servicing requirements in connection with residential mortgages to consumers. The rules implement amendments...more

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

by Jeremiah Buckley, Joseph Kolar, John Kromer, Jeffrey Naimon, Joseph Reilly, Clinton Rockwell | BuckleySandler LLP on 2/15/2013

On January 10, 2013, the Consumer Financial Protection Bureau issued its final rule on escrow account requirements for first-lien higher-priced mortgage loans. The rule amends existing escrow requirements and exemptions for...more

Rogers Towers: Residential Lending and the Ability to Repay Rule

by Douglas L. Waldorf, Jr., Sara White | Rogers Towers on 2/14/2013

On January 10, 2013 the Consumer Financial Protection Bureau issued a rule imposing new requirements on residential mortgage lenders. The “Ability-to-Repay” rule was created to help implement certain provisions of the...more

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules

by Pepper Hamilton LLP on 2/13/2013

The Consumer Financial Protection Bureau (CFPB) issued its final rules regarding mortgage servicing last week which will undoubtedly change mortgage servicing operations in the United States - and according to some...more

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules [Video]

by Pepper Hamilton LLP on 2/13/2013

The Consumer Financial Protection Bureau (CFPB) issued its final rules regarding mortgage servicing last week which will undoubtedly change mortgage servicing operations in the United States - and according to some...more

Third Circuit Holds Notice Sufficient To Preserve Borrower’s Three-Year TILA Rescission Right

by BuckleySandler LLP on 2/13/2013

On February 5, the U.S. Court of Appeals for the Third Circuit held that a borrower need only provide written notice of intent to rescind a loan within the statutory three-year rescission period to preserve that right; a...more

More, More, More: The CFPB Wants More From Mortgage Servicers

by Paul Fogleman | Poyner Spruill LLP on 2/11/2013

The Consumer Financial Protection Bureau (CFPB) recently issued new rules amending Regulation Z, the Truth in Lending Act (TILA), and Regulation X, the Real Estate Settlement Procedures Act (RESPA), which revise mortgage...more

Third Circuit TILA rescission decision adopts CFPB position

by Martin Bryce, Jr. | Ballard Spahr LLP on 2/8/2013

The Third Circuit has now joined the Fourth Circuit in ruling that a lawsuit seeking rescission filed more than there years after loan consummation is timely as long as the borrower sent a written notice of rescission within...more

CFPB Issues Final Mortgage Servicing Rules

by Daniel Murray, Ryan Tooley, Audrey Wisotsky | Pepper Hamilton LLP on 2/7/2013

On January 17, 2013, the Consumer Financial Protection Bureau (CFPB) issued two final servicing rules that amend and add new provisions to the Truth in Lending Act and the Real Estate Settlement Procedures Act (Rules), as...more

InfoBytes Special Alert: Detailed Analysis Of CFPB's Mortgage Servicing Rules

by BuckleySandler LLP on 2/6/2013

On January 17, the CFPB issued final rules amending Regulation Z (TILA) and Regulation X (RESPA) to implement certain mortgage servicing standards set forth by the Dodd-Frank Act and to address other issues identified by the...more

Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans

by Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 2/1/2013

On January 18, six federal financial regulatory agencies (the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Housing Finance...more

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TILA › Consumer Financial Protection Bureau

CFPB Releases Plain Language Video Guides for New Mortgage Rules

FTC confirms continued commitment to vigorous enforcement in letter to CFPB

CFPB Publishes Additional Mortgage Rule Compliance Guides

CFPB issues more small entity compliance guides for mortgage-related rules

CFPB Solidifies Loan Originator Compensation Restrictions, Dumps Zero-Zero Requirement

Burr Alert: Consumer Financial Protection Bureau Amends Regulation E And Regulation Z

CSBS Urges CFPB To Adopt Rural Designation Petition Process

More Paper? CFPB Revamps Disclosure and Delivery Requirements for Valuations under ECOA

Mobile Payments Start-Ups: The need to know landscape

CFPB issues final rule excluding credit card pre-account opening fees from 25% limit

Dodd-Frank News - March 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

Burr Alert: A Look At The Consumer Financial Protection Bureau's New Loan Originator Compensation Rule Under The Truth In Lending...

You Need to Pay Attention to the Consumer Financial Protection Bureau

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 8, 2013

CFPB Issues New Mortgage Servicing Requirements

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

Rogers Towers: Residential Lending and the Ability to Repay Rule

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules [Video]

Third Circuit Holds Notice Sufficient To Preserve Borrower’s Three-Year TILA Rescission Right

More, More, More: The CFPB Wants More From Mortgage Servicers

Third Circuit TILA rescission decision adopts CFPB position

CFPB Issues Final Mortgage Servicing Rules

InfoBytes Special Alert: Detailed Analysis Of CFPB's Mortgage Servicing Rules

Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans

A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules [Video]

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