The Federal Reserve Board recently announced final rules designed to protect mortgage borrowers from unfair and deceptive practices by loan originators. The new rules target a lender compensation scheme
Representative Brad Miller of North Carolina has introduced a bill, the Mortgage Servicing Conflict of Interest Elimination Act. The bill would prohibit a company that services a loan it does not own from holding any other...
North Carolina Governor Beverly Perdue signed into law the Homeowner and Homebuyer Protection Act. The Act is intended to provide important protections to those at risk of losing their homes to foreclosure..
The Federal Reserve Board recently approved a final rule to protect credit card users from unreasonable late payment and other penalty fees. The rule also requires credit card issuers to reconsider any interest rate increases imposed since the beginning of 2009.