Remove 2016 09
article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 2, the Federal Housing Administration published Mortgagee Letter 2023-09 to implement provisions of the Adjustable-Rate Mortgages (ARM): Transitioning from LIBOR to Alternative Indices final rule. For more information about the White House’s blog post, click here. Most consumers are expected to receive between $29 and $30.

article thumbnail

UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis

Fico Collections

Tue, 09/13/2022 - 09:25. As the UK economy transitions from the pandemic to the cost-of-living crisis, is there anything that can be learnt from how the 2008 financial crisis impacted credit card usage? Between 2010-2015, missed payment balances decreased significantly; although they increased steadily between 2016-2020.

article thumbnail

Can Banks be Liable for Processing or Underwriting a Loan that a Borrower Cannot Afford?

Jimerson Firm

15-CV-23755, 2016 WL 4270206, at *4 (S.D. 15, 2016) (holding that banks have no duty to “process, convert, administer, or service” the borrower’s loan); Grave v. 6:09–cv–400, 2009 WL 3668460, at *3 (M.D. 6:09–cv–1150, 2009 WL 3762632, at *2 (M.D. Brenmar Holdings, LLC, 2016 WL 4270206, at *4; Silver , 760 F.

Banks 98