When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing
Lending Rules Clarified For SameSex Marriages
Dated: July 15 2014
CFPB clarifies how same-sex ruling affects lending
The policy will be applied to the CFPB's implementation of the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, the Interstate Land Sales Full Disclosure Act, the Truth in Lending Act, and the Real Estate Settlement Procedures Act.
Congress established the CFPB to protect consumers by carrying out federal consumer financial laws. Among other things, it enforces laws that outlaw discrimination and other unfair treatment in consumer finance, including mortgage loans.
According to observers, it made sense for the CFPB to clarify how the same-sex marriage decision affects financial services-related laws. Lenders have been deferring to state laws on whether an applicant is "married" because they weren't clear on how their federal regulator views the issue.
Source: American Banker (07/14/14) Witkowski, Rachel
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