Tag Archives: TILA

Watchdog agency reminds mortgage lenders what it seeks under new rules

In case mortgage lenders and financial institutions needed reminding, the Consumer Financial Protection Bureau has issued an update on what its examiners will be looking for under new mortgage rules.

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New federal study makes case for student loan relief

A new federal study recommends changes in consumer protection and bankruptcy law to provide relief for those Americans saddled with a share of the country’s $1 trillion in student loan debt, largely blaming private lenders for the problem.

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‘Ability-to-pay’ proposals for Regulation Z open for comment

The Federal Reserve Board has requested public comment on proposed revisions to Regulation Z that would require lenders to determine a consumer’s ability to repay a mortgage before making a loan.

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Borrowers have extended right to rescind mortgage

Homeowners had an extended, three-year right to rescind their mortgage because their lender failed to provide clear notice of their three-day loan cancellation rights under federal law, the 8th Circuit has ruled in reversing a summary judgment.

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