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BuckleySandler LLP: CFPB Files Amicus in TILA Rescission Case

Excerpted from Infobytes , a weekly electronic newsletter on developments in financial services law from BuckleySandler LLP . For the full issue of Infobytes , click here: http://www.buckleysandler.com/infobyte-detail/infobytes-March-30-2012 On March 27, the CFPB announced that it recently filed...

Ballard Spahr LLP: Borrower May Sue after Three Years To Rescind Mortgage Loan, 4th Circuit Rules

By Members of the Consumer Financial Services Group In a decision that possibly opens the door for renewed foreclosure delays, the U.S. Court of Appeals for the Fourth Circuit has held that a lawsuit seeking rescission is timely where the consumer provided notice of rescission to the subservicer...

Ballard Spahr LLP: Borrower Cannot Sue after Three Years To Rescind Mortgage Loan, 10th Circuit Rules

By the Consumer Financial Services Group A borrower cannot bring a lawsuit seeking rescission more than three years after loan consummation, the U.S. Court of Appeals for the 10th Circuit has ruled. In its June 11, 2012, decision in Rosenfield v. HSBC Bank, USA , the 10th Circuit rejected the...

Ballard Spahr LLP: Borrower Can Sue after Three Years To Rescind Mortgage Loan, 3rd Circuit Rules

By the Mortgage Banking Group A borrower can bring a lawsuit seeking rescission more than three years after loan consummation as long as the borrower has sent a written notice of rescission within the three-year period, the U.S. Court of Appeals for the Third Circuit has ruled. In its February...