Litigation Exposure Under the 2013 Dodd-Frank Mortgage Servicing Regulations
On July 10, 2013, the CFPB issued mortgage rules under Regulation Z and Regulation X pursuant to its authority under the Dodd-Frank Act. The CFPB further amended the mortgage rules on September 15, 2013 and October 1, 2013. The result is a super regulation which keeps the original framework of Regulations X and Z, but adds entirely new provisions addressing eight major topics. In this article, David A. Elliott, Nicholas S. Agnello and Seth I. Muse discuss the new regulations and the possible effect on mortgage litigation. You can find a copy of the article by clicking here. For more information on consumer finance litigation topics, please contact one of the Burr & Forman team members for assistance. We are happy to answer any questions or concerns you may have.
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