January 8, 2014 - Debt Warrior
If you've been listening to Debtwarriors with Bruce Jacobs, you know how excited we are for this Friday. The New Federal Mortgage Servicer Regulations go live. The Debtwarriors have been deputized!
The Dodd-Frank Act created the Consumer Financial Protection Bureau to regulate Wall Street. The CFPB handed down at least 30 different deadlines we can trigger. If your mortgage servicer misses those deadlines, you can sue.
Each Violation is worth $2,000.00 plus damages plus attorneys fees. That can add up quickly. The more deadlines they miss, the more leverage you build.