In September 1994, President Bill Clinton signed into law the Home Ownership and Equity Protection Act of 1994, written by US Rep. Joseph P. Kennedy (D-Mass). The law requires certain disclosures and clamps restrictions on lenders of high-cost...
The Home Mortgage Disclosure Act (or HMDA, pronounced HUM-duh) is a United States federal law enacted in 1975 that requires most mortgage lenders to collect and publicly disclose data about their lending activity. The law is implemented by...
Lori Swanson (born December 16, 1966) is an American lawyer and politician who served as the attorney general of Minnesota from 2007 to 2019. She was the first female attorney general elected in Minnesota. In 2018, she ran for Governor of Minnesota...
Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006...
The Affordable Care Act (ACA), formally the Patient Protection and Affordable Care Act (PPACA) and informally known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack...
This is a list of Ponzi schemes, fraudulent investment operations that pay out returns to investors from money paid in by subsequent investors rather than from any actual profit earned from the operation of a business.
HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had...
Legal scholars and practitioners generally discuss laws that affect housing within the context of real property, landlord–tenant law, mortgage law, laws that forbid housing discrimination, laws that attempt to preserve affordable housing, etc. The...
The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Dodd–Frank Act, is a United States federal law enacted on July 21, 2010, as the primary legislative response to the 2007–2008 financial crisis—the worst...
The homeownership rate in the United States is the percentage of households that are owner-occupied. U.S. homeownership rates vary depending on a household's demographic characteristics, such as ethnicity, race, location, type of household, and type...
