Federal Reserve Proposes Rule Pertaining to a Consumer’s Ability to Repay a Mortgage


The Federal Reserve Board has requested public comment on a proposed rule under Regulation Z that would require creditors to determine a consumer’s ability to repay a mortgage before making the loan and would establish minimum mortgage underwriting standards. The revisions to the regulation, which implements the Truth in Lending... Read More

Topics: Banking, Consumer Protection

CFPB and National Association of Attorneys General Presidential Initiative Working Group Release Joint Statement of Principles


The Consumer Financial Protection Bureau, or CFPB, and the Presidential Initiative Working Group of the National Association of Attorneys General announced agreement on a Joint Statement of Principles, the first step in forging a new partnership between federal and state officials to protect consumers of financial products and services.  In... Read More

Topics: Consumer Protection