Legal Blog

Compensation and Compliance Matters: Thanks for the Grace Period But…

The Consumer Financial Protection Bureau announced Tuesday that it will support a hold harmless period for banks to get into TILA-RESPA Integrated Disclosures compliance. There is a move to pass legislation that would formalize this grace period. For any grace period to have a reasonable effect, it must provide such broad relief that lenders would not face a secondary market backlash or subsequent lawsuits.

Click here to read the entire article on National Mortgage News.

akaren@offitkurman.com  | 240.507.1740 Ari Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide. Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.

You can also connect with Offit Kurman via FacebookTwitterGoogle+YouTube, and LinkedIn.

WASHINGTON | BALTIMORE | FREDERICK | PHILADELPHIA | WILMINGTON | VIRGINIA | NEW YORK