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CFPB, Mortgage Lenders Must Comply with the Law, Not Invent Loopholes (Jan. 15, 2025)

Available in the following formats:

Mortgage Lenders Must Comply with the Law, Not Invent Loopholes - Consumer Financial Protection Bureau.pdf

Issued:

Date

2025

Description

This January 2025 CFPB press release announces three different actions that the CFPB took on January 15, 2025 regarding home equity investment loans, with links to those actions—a consumer advisory highlighting problems with these loans, a market overview describing the loans, and an amicus brief arguing that these “investments” are mortgage loans within the scope of the Truth in Lending Act.

Related NCLC Treatise:

Mortgage Lending

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