On March 22, 2016, the U.S. House of Representatives passed the Foreclosure Relief and Extension for Servicemembers Act of 2015. This bill was signed into law by President Obama on March 31, 2016. This follows the...more
4/20/2016
/ Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Institutions ,
Foreclosure ,
Military Service Members ,
Mortgages ,
New Legislation ,
OCC ,
SCRA ,
Time Extensions
The Department of Defense (DoD) recently published its Final Rule amending the Military Lending Act’s (MLA) implementing regulation. The MLA, passed by Congress in 2006, provides active duty service members and their...more
8/29/2015
/ Automotive Loans ,
Credit ,
Department of Defense (DOD) ,
Fee Caps ,
Final Rules ,
Interest Rates ,
Loans ,
Military Annual Percentage Rates (MAPR) ,
Military Lending Act ,
Military Service Members ,
Payday Loans ,
Student Loans
The hypothetical -
HealthPayPlus (HPP) designs custom record management systems for large hospital systems. HPP developed a system for Research Hospitals of America (RHA) that HPP promised would revolutionize RHA’s...more
On September 26, 2014, the Department of Defense (DoD) announced proposed changes to its regulation implementing the Military Lending Act (MLA). The MLA, passed by Congress in 2006, provides active duty service members and...more
On February 7, the U.S. Ninth Circuit Court of Appeals issued its opinion in Brewster v. Sun Trust Mortgage, Inc. The decision stands as a stark reminder to mortgage lenders and servicers of the importance of verifying a...more