TITLE

Rules and Regulations: BUREAU OF CONSUMER FINANCIAL PROTECTION

PUB. DATE
May 2013
SOURCE
Federal Register (National Archives & Records Service, Office of;5/31/2013, Vol. 78 Issue 105, p32547
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article reports on the final rule issued by the Bureau of Consumer Financial Protection (BCFP) that delays the effectivity of a prohibition on creditors financing credit insurance premiums in connection with secured consumer credit transactions. It notes that the Bureau has delayed the prohibition under the Loan Originator Compensation Requirements in lieu of the Truth in Lending Act to clarify its applicability to transactions. Moreover, the effective date is scheduled on January 10, 2014.
ACCESSION #
87964885

 

Related Articles

  • Rules and Regulations: BUREAU OF CONSUMER FINANCIAL PROTECTION.  // Federal Register (National Archives & Records Service, Office of;5/03/2013, Vol. 78 Issue 86, p25818 

    The article presents a final rule issued by the U.S. Bureau of Consumer Financial Protection which amends the Regulation Z, a rule on the Truth in Lending Act (TILA) in 2013. The purpose of the said regulatory change is to remove the need for credit card issuers to consider the consumer's...

  • BUREAU OF CONSUMER FINANCIAL PROTECTION.  // Federal Register (National Archives & Records Service, Office of;7/2/2013, Vol. 78 Issue 127, p39902 

    The article presents a proposed rule and request for public comment on amendments to the 2013 mortgage rules under the Equal Credit Opportunity Act from the Bureau of Consumer Financial Protection (Bureau). The Bureau proposes amendments on mortgage rules under regulation X's servicing...

  • Plan Distributions: New Developments in Participant Loans. Mindy, Steven; Paley, Eric // Public Employee Quarterly;Mar2010, p2 

    The article reports on the final regulations released by the U.S. Federal Reserve Board on January 2009 regarding the implementation of the Truth in Lending Act.

  • TRUTH-IN-SAVINGS INACTION. Pannabecker, James H. // Bankers Letter of the Law;Jan2012, Vol. 46 Issue 1, p2 

    The article examines the application of the Truth-in-Lending Act in a case filed against the Bank of America where the plaintiffs claimed that the institution failed to notify them on fee changes related to savings deposits. It focuses on the assertion of the violation using a statute on unfair...

  • Consumer's Request for Pay-Off Statement Sufficed but Servicer's Response Did Not, Assignee Liable.  // Consumer Credit & Truth-in-Lending Compliance Report;Jan2013, Vol. 44 Issue 1, p2 

    The article discusses the court case Runkle v. Federal National Mortgage Association, in which the judge ruled that the Truth-in-Lending Act was a consumer protection stature. The judge disagreed with Fannie Mae who argued that Runkle's request was invalid and that the original creditor's...

  • Supreme Court Hears Arguments Re Issue That Divides Courts of Appeals.  // Consumer Credit & Truth-in-Lending Compliance Report;Dec2014, Vol. 45 Issue 12, p1 

    The article discusses the court case Jesinosky v. Countrywide Home Loans Inc. wherein a petition for a writ of certiorari was issued by U.S. Justices in connection with the Truth-in-Lending Act (T-in-L Act).

  • Massachusetts Issues QM Guidance.  // Pratt's Mortgage Compliance Letter;Jan2014, Vol. 14 Issue 1, p9 

    The article reports that the Massachusetts Division of Banks has sent an industry letter that addresses new Consumer Financial Protection Bureau final rules on the Ability to Repay (ATR) and Qualified Mortgages (QM) under the Truth in Lending Act's implementing regulation.

  • Supreme Court Makes QuickWork of TIL Issue.  // Pratt's Mortgage Compliance Letter;Feb2015, Vol. 15 Issue 2, p1 

    The article discusses a case in which the plaintiff disputes a bank's rejection of the former's rescission of a home loan three years after refinancing. The subsequent courts held that a borrower should file a lawsuit within three years of the transaction. The U.S. Supreme Court reversed the...

  • Five Headaches Facing Lenders as Mortgage Disclosure Deadline Nears. Berry, Kate // Americanbanker.com;6/1/2015, p1 

    Banks and mortgage lenders are in the final stretch of preparing to deliver new TILA-Respa Integrated Disclosures to homebuyers starting Aug. 1. But it's not just the change of forms that is causing alarm bells. Fines could be steep, and legal liability could be even higher, for violators, while...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics