CFPB Clears Things Up For Mortgage Servicers

Law360, New York (October 28, 2013, 12:49 PM ET) -- On Oct. 15, 2013, the Consumer Financial Protection Bureau approved an interim final rule amending certain mortgage-servicing rules enacted in January 2013 and issued a related bulletin providing guidance to mortgage servicers. The October rule becomes effective on Jan. 10, 2014, and amends Regulation X of the Real Estate Settlement Procedures Act (RESPA) and Regulation Z of the Truth in Lending Act (TILA) to resolve conflicts between RESPA, TILA, Fair Debt Collection Practice Act (FDCPA) and the Bankruptcy Code, as well as clarifying communication rules between...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers