Late last year, the Department of Justice (“DOJ”) and the Consumer Financial Protection Bureau (“CFPB”) brought a joint action against Hudson City Savings Bank (“Hudson Bank”) for redlining. Hudson Bank, based in New Jersey,...more
9/19/2016
/ Civil Monetary Penalty ,
Civil Rights Act ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
ECOA ,
Federal Housing Administration (FHA) ,
Minorities ,
Mortgage Lenders ,
Mortgages ,
Redlining
This past October 15th, the Consumer Financial Protection Bureau announced the purported finalization of its “new rule” for “updating the reporting requirements” under the Home Mortgage Disclosure Act HMDA.” The point of the...more
The Consumer Financial Protection Bureau (“CFPB”) recently issued or perhaps had to issue a proposed amendment to the “Know Before You Owe mortgage disclosure rule,” also known as the “TILA-RESPA Integrated Disclosure” rule,...more
7/24/2015
/ Closing Documents ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Veterans Affairs ,
Dodd-Frank ,
Federal Reserve ,
HUD ,
Mortgage Brokers ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgages ,
Proposed Amendments ,
Real Estate Settlement Procedures Act ,
Regulation Z ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)