FTC Assumes Mantle of Mortgage Regulator with Two Proposed Rules on Unfair, Deceptive Mortgage Practices
June 4, 2009
The Federal Trade Commission last week carried out a mandate imposed by the 2009 Omnibus Appropriations Act by issuing proposed rules aimed at curbing unfair and deceptive mortgage practices at financial institutions the agency regulates. The agency is seeking comments on two proposed rules which would determine whether certain mortgage-related activities...