News & Analysis as of September 21, 2024

Loan Modifications › Debt Collectors

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Loan modifications are changes made to the terms of an existing loan outside the specifications contained in the original loan agreement. In a mortgage situation, loan modifications are typically made to assist borrowers in meeting their obligations and avoid foreclosure. Such mortgage loan modifications may include reduction of principal amount or interest rate, lengthening of loan term, and monthly payment caps. less -

Financial Services Industry Braces for Impact of Eleventh Circuit's Hunstein Decision

Holland & Knight LLP on 4/28/2021

In a first-of-its-kind ruling, the U.S. Court of Appeals for the Eleventh Circuit may have upended the long-standing and rather routine business practice of financial services companies using third-party vendors to manage,...more

CFPB Reports Continued Mortgage Servicing and Other Violations of Consumer Financial Law

Carlton Fields on 10/6/2015

In its Supervisory Highlights released earlier this summer, the CFPB reported its examination observations in consumer reporting, debt collection, mortgage origination and servicing, fair lending, and student loan servicing....more

UDAAP Council Weekly UDAAP Standards Report - 12/03/14

Foley & Lardner LLP on 12/5/2014

Every week, courts around the United States issue decisions addressing aspects of civil UDAAP claims. In an effort to illuminate the UDAAP standards, below is a sampling of some of this week’s UDAAP decisions on the...more

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Loan Modifications › Debt Collectors

Financial Services Industry Braces for Impact of Eleventh Circuit's Hunstein Decision

CFPB Reports Continued Mortgage Servicing and Other Violations of Consumer Financial Law

UDAAP Council Weekly UDAAP Standards Report - 12/03/14

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