UDAP Lawsuits Trend Growing, Lenders Must be Prepared
August 25, 2008
Compliance experts are urging subprime and Alt A lenders to be prepared for potential unfair-and-deceptive practices lawsuits, a strategy that seems to have gained favor lately among state attorneys general in addressing high foreclosure rates. Much of the actual subprime and Alt A lending practices are now prohibited by regulation, and lenders have practically...