A New Frontier: Preparing for Litigation Under the Ability to Repay Rule
By EsqSocial Corporation 14/02/14
On January 10, 2014, the Consumer Financial Protection Bureau's (CFPB) new Mortgage Servicing Guidelines became effective. One of the more drastic changes under the guidelines is the new "Ability to Repay" rule. This rule states that a lender "shall...
By: Baker Donelson