Supreme Court to review rescission of DACA program for immigrants brought to US as children
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
When legislative bodies act to protect consumers from the perils of the marketplace, two of the tools they regularly use are disclosure and rescission. The idea behind disclosure is that, given enough information, people are less likely to do foolish things with their money. Foreclosure News
ABA Journal Daily News
Two homeowners tried to rescind their home mortgage loan when they weren't notified that the deed of trust had been assigned. Although this argument may have been a creative way to stave off a foreclosure, it was not persuasive to a recent Sixth Circuit panel. Foreclosure News
A recent Illinois Supreme Court opinion may expose banks to a flood of TILA rescission claims by anyone who claims an ownership interest in mortgaged property. The state supreme court ruled that the right to rescind includes “each consumer whose ownership interest is or will be subject to the security interest” or “is subject to […]