Fed’s TILA-HOEPA Rule Exposes Lenders to UDAP Claims Based on Practices Previously Deemed Legal
September 18, 2008
The Federal Reserve Board may have exposed lenders to enforcement action by state attorneys general and class-action lawsuits by declaring that certain lending practices are unfair even if they won’t be regulated under the Home Ownership and Equity Protection Act until next year. Compliance experts on an audio conference hosted by Inside Mortgage Finance Publications last...