by Jeff Sovern One of the big changes in the CFPB's proposed mortgage disclosure forms is the de-emphasis of the APR. The APR has historically been one of the most central Truth in Lending disclosures. For example, for closed-end loans, it must be clear and conspicuous and appear in the "Federal Box" under 12 C.F.R. […]
Category Archives: Other Lending, Debt, and Credit Issues
by Jeff Sovern I have been listening to the audio version of Dan Areily's book, The Honest Truth About Dishonesty, and it may shed some light on consumer protection. Ariely explores the causes and limits of dishonesty. He reports on a series of experiments that suggest that many people cheat a little, but not so […]