D.C. District Court Strikes Down HUD s Disparate Impact Rule
On November 3, 2014, Judge Richard J. Leon for the U.S. District Court when it comes to District of Columbia struck along the U.S. Department of Housing & Urban developing s (HUD) March 2013 much discussed disparate effect guideline. In United states Insurance Association, et al. v. united states of america Department of Housing & Urban Development, et
The newest CFPB Supervisory Highlights report details the Bureau s issues student that is regarding lenders. The report, which can be the edition that is fifth of shows, generally covers supervisory tasks between March and June 2014. Inside it, the CFPB notes that its examiners found the concerns that are following reviewing methods of pupil
CFPB Finalizes Mortgage Rules Amendments
On 22, the CFPB issued amendments to the Dodd Frank Act mortgage rules that took effect in January 2014 october. The amendments consist of: ATR/QM Cure Provision: beneath the capability to Repay/Qualified Mortgage Rule, home financing loan must satisfy particular demands to be viewed a mortgage” that is“qualified. One particular requirement is the fact that points and charges
CFPB Takes Action to Enforce Brand New Mortgage Servicing Rules
The buyer Financial Protection Bureau (CFPB) has entered a permission order with a home loan bank following CFPB s allegations that the lender violated the brand new home loan servicing guidelines. CFPB advertised that the lender: ​took an unreasonably few years to process borrowers applications for loan improvements or other foreclosure relief; did not CFPB Sues Another Company for Alleged Deceptive scholar Lending techniques.On September 16, the CFPB filed suit against Corinthian Colleges, Inc.
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