The Consumer Financial Protection Bureau on Tuesday clarified that when a borrower dies, the name of the borrower's heir generally may be added to the mortgage without triggering its' Ability-to-Repay rule. Collections - Other Consumer
This year, we established new, strong protections for homeowners facing foreclosure. Since these rules went into effect on January 10, we’ve been focused on helping housing counselors better understand these new federal protections available to struggling mortgage borrowers. Since last December, we’ve provided on-site and virtual trainings to more than 5,000 housing counselors in more [...]
A payday lending operation affiliated with a Native American tribe is liable for engaging in deceptive practices and violating federal law by failing to disclose loan terms, U.S. District Judge Gloria Navarro in Las Vegas has ruled. Collections - Other Consumer
The congressional stalemate over how to restructure the housing finance system leaves several questions unanswered about other bank regulations currently in the pipeline. News
