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30 Apr 2009, 4:41 pm
Here's the Committee's statement: The House Financial Services Committee today approved H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009,aimed at curbing abusive and predatory lending - a major factor in the nation's highest home foreclosure rate in 25 years. [read post]
The post US DOJ and City National Bank reach $31 million settlement over discriminatory lending allegations appeared first on JURIST - News. [read post]
1 Apr 2009, 5:48 pm
Mel Watt (D-NC) and House Financial Services Committee Chairman Barney Frank, today introduced H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, aimed at curbing predatory lending, which has been a major factor in the highest home foreclosure rate in the nation in 25 years. [read post]
31 Aug 2012, 8:20 am by Hunton & Williams LLP
These NPRs represent the CFPB’s first step toward its stated goal of establishing national standards for mortgage servicing. [read post]
In June 2016, the CFPB, in the first exercise of its authority to issue regulations prohibiting unfair, deceptive, or abusive acts or practices (UDAAP), proposed the first federal regulation directly addressing small-dollar lending. [read post]
18 Jan 2010, 2:06 pm by Patrick Dwyer
Under the National Consumer Credit regime, one of the main obligations of Australian Credit Licence (ACL) holders will be the responsible lending provisions in the National Consumer Credit Protection Act 2009 (Cth) (the 'National Credit Act'). [read post]
13 Jun 2016, 1:00 pm by Dykema
One of CFPB Director Richard Cordray’s first actions after his recess appointment (which we wrote about here) was to hold a field hearing on payday lending. [read post]
27 Jul 2012, 2:51 pm by BuckleySandler
On July 24, Senators Merkley (D-OR), Udall (D-NM), and Durbin (D-IL) introduced a bill, first revealed by Senator Merkley in March 2012, and now formalized as S. 3426, the Stopping Abuse and Fraud in Electronic Lending Act. [read post]
22 Sep 2013, 6:08 am by Robert Kreisman
  The appellate court resolved two important arguments in Henderson’s handwritten brief:  First:  that National Lending had no standing since Henderson’s first contact was with National Housing Services; second, that National Lending’s affidavits were insufficient to support summary judgment. [read post]
18 May 2020, 10:08 am by Patrick Hughes
This program, known as the Main Street Lending Program, serves as a beacon of hope for small and mid-sized businesses across the nation; however, small businesses may have a more difficult time qualifying for MSLP than the PPP for reasons discussed below. [read post]
9 Sep 2009, 7:50 pm
Both the National Consumer Credit Protection Bill and the Corporations Act (Financial Services Modernisation) Bill require that licensees (for consumer credit and margin lending respectively), comply with responsible lending conduct obligations. [read post]
20 Jul 2009, 2:35 pm
Responsible lending conduct As a condition of being granted an Australian Credit Licence a credit provider or credit service provider must comply with conduct obligations, including responsible lending conduct requirements. [read post]
25 Oct 2022, 11:08 am by Brian Turetsky
  First, banks do not control dealer finance charges, and dealers may choose to sell installment contracts to a variety of assignees. [read post]
16 Oct 2009, 2:28 am
But in the first eight months of this year, 62 consumer complaints were filed against online payday lenders, and only one against a storefront payday lender…. [read post]
Redlining is a type of lending discrimination in which banks refuse to lend money to people seeking home loans because of their race or national origin. [read post]
9 Dec 2015, 9:30 pm by Dan Ernst
It does this by first providing a brief summary of the origins of federal funding of legal services through the Office of Economic Opportunity, an agency established by Congress to fight the “War on Poverty. [read post]
21 Jan 2013, 6:12 am by Nicole Kellner-Swick
  According to Bill Cheney, President and CEO of Credit Union National Association (CUNA), in a published statement, “…raising the 12.25% cap to 27.5% would produce a conservatively-estimated first-year increase of $14 billion in loans and 157,000 jobs nationally. [read post]