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Many regulatory changes go into effect in 2009 and 2010 as the government works to increase the knowledge of consumers who are shopping for credit.
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Regulatory Q&A covering the Truth in Lending Act (TILA), The Truth in Savings Act, and others.
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Regulatory Q&A discusses a variety of topics including payday lending, notifications regarding private mortgage insurance (PMI), individual development accounts (IDAs), and other issues.
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We use a new methodology to assess mortgage pricing discrimination faced by minority borrowers. We identify a "menu problem" that comes from the multidimensional nature of mortgage pricing: When getting a mortgage, borrowers can choose to avoid closing costs and pay a high interest rate or...
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