Creditors' Sidebar

Creditors' Sidebar

Legal Views on Bankruptcy, Insolvency & Creditors’ Rights

Category Archives: CFPB

Subscribe to CFPB RSS Feed

New York and Florida Courts Enforce E-Notes

Posted in CFPB, Foreclosure, Kentucky Law, Note Sales
Appellate courts in New York and Florida recently ruled that mortgage lenders “holding” electronic notes had standing to foreclose on the real property securing the E-Notes. Although Congress passed the Electronic Signatures in Global and National Commerce Act (ESIGN) in 2000, and nearly all states have passed the Uniform Electronic Transactions Act (UETA) in the… Continue Reading

More CFPB Overreach?

Posted in CFPB
The Dodd-Frank Act (DFA) established the Consumer Financial Protection Bureau (CFPB) to search out unfair, deceptive, and abusive acts injuring consumers. It authorized CFPB to set up its own administrative adjudication system, with its own rules, and its own hired judges. To date, the administrative system has been used only to rubber-stamp settlements negotiated (or… Continue Reading