As we reported on March 21 (click here for article) the federal appeals courts are divided on whether a borrower timely exercises the right of rescission by sending the creditor a rescission notice within three years of consummation or whether the borrower must also file a lawsuit within three years. The U. S. Supreme Court has granted review in one of the rescission cases we reported. The case (Jesinoski v. Countrywide Home Loans) will be decided next term.
Categories
-
Recent Posts
- From Compliance to Impact: How To Build Financial Literacy Programs That Actually Work
- HPPA and Trigger Leads: Are Your Controls Built for an Examination or an Explanation?
- CFPB Issues New Proposal for Small Data Reporting – Section 1071
- Government Shutdown: FEMA Authority to Issue Flood Insurance Policies Lapsed. Now What?
- The GENIUS Act: What Compliance Officers Need to Know Now
Archives
-
Recent Posts
- From Compliance to Impact: How To Build Financial Literacy Programs That Actually Work
- HPPA and Trigger Leads: Are Your Controls Built for an Examination or an Explanation?
- CFPB Issues New Proposal for Small Data Reporting – Section 1071
- Government Shutdown: FEMA Authority to Issue Flood Insurance Policies Lapsed. Now What?
- The GENIUS Act: What Compliance Officers Need to Know Now
Recent Comments
- Susan on SO WHERE IS CRA HEADED NOW?
- Cfpb Mortgage Qualified - Rosamondtowncouncil on CFPB ISSUES TRID GUIDANCE
- Tony on USAA ENFORCEMENT ACTION
- INTERAGENCY STATEMENT ON EGRRCPA - Jack's Compliance Resource on STATUS OF THE EGRRCPA HMDA AMENDMENTS
- STATUS OF THE EGRRCPA HMDA AMENDMENTS - Jack's Compliance Resource on REGULATORY RELIEF ON THE WAY