Following on both previous comments submitted to the Consumer Finance Protection Bureau (“CFPB”) and active participation in round table meetings with representatives from the financial services industry, NACBA has continued to be engaged and vigilant regarding the proposed amendments by the CFPB to the 2013 Mortgage Rules under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z).

Working with our allies, particularly the National Consumer Law Center, NACBA has submitted the additional comments (linked below) to the proposed rules. We are hopeful that the amendments, which are already favorable to our clients and our practices, will be adopted with many of the further improvements we have suggested.

John Rao, to whom tremendous amounts of thanks are owed by all of us, has dissected and examined these proposed amendments in detail and will be speaking on this topic and how these rules will apply in bankruptcy, on Sunday, April 26, 2015, 10:30 AM at the 23rd Annual NACBA Convention in Chicago.  Joining him will be Will Corbett, Senior Counsel at the Consumer Financial Protection Bureau.

This is a panel not to miss as these new rules will have a significant effect on your clients and also your practice, including new ways to both pursue mortgage servicers for their bad acts and get damages and attorneys’ fees.

Since many people, including those from other organizations, may be learning of this late and may be primarily interested in the mortgage servicing issues, we are offering a $100 discount from the regular $795 cost if you register by March 31st and include the code “CFPB695” in your registration.  Email the attached registration to or fax to (866) 408-9515.  (Avoid registering online as it will force the higher rate.)

I hope that you will agree that this is yet another example of the positive impact that NACBA is having on our practices, especially in our expanded role in the courts, Congress, and administrative agencies.  Please also join me in again thanking John Rao and NCLC for their work on these rules.



* CFPB695 code cannot be combined with other codes.


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