State Enforcement in Mortgage Lending
Author: Allison J. Schoenthal.; Eugene Frenkel.
Source: Volume 38, Number 10, October 2022 , pp.107-111(5)
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Abstract:
The CFPB recently issued a press release and interpretive rule encouraging more enforcement of federal consumer financial protection laws. In this article the authors review the record in four states on the East Coast—New York, Massachusetts, Pennsylvania, and Maryland—and find that while they are likely to remain active in enforcing consumer financial protection laws, it can be expected for their focus to shift from mortgage lending.Keywords: Enforcement of Federal Consumer Financial Protection Laws by State Regulators
Affiliations:
1: Goodwin Procter LLP; 2: Goodwin Procter LLP.