HUD announced today that it will follow a resolution of its Mortgage Review Board to show restraint during the first 120 days of 2010 with respect to enforcement of the new RESPA rule scheduled to go into effect on January 1, 2010 — so long as good faith efforts are being made to comply with the new rule. In addition, in separate letters, HUD requested regulators of federal depository institutions and the FTC to show similar restraint in any enforcement activities relating to the new rule and made the same request of relevant state agencies.
Tag Archives: Delay in enforcement
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Topics
- Bureau of Consumer Financial Protection
- Class Actions
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- Consumer Financial Protection Act
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- Consumer Financial Protection Bureau
- Credit CARD Act
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- Lending Discrimination
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- Real Estate Settlement Procedures Act
- State Consumer Protection Laws
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Recent Updates
- CFSL Action Update: March 15, 2012 – April 16, 2012
- CFPB Says Rescission Complete on Notice
- Court Permits Creditor to Charge and Collect Convenience or Expedited Payment Fees
- The Consumer Financial Protection Bureau Proposes Boundaries for its Nonbank Supervision of Debt Collection and Credit Reporting Organizations
- Second Circuit Panel Strikes Arbitration Agreement With Class Action Waiver