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CFPB seeks to limit banks' ability to collect on delinquent HELOCs

In an appeals court filing, the Consumer Financial Protection Bureau wrote that a federal judge "ignored regulatory text, history and context" when she ruled against a PNC customer. The consumer argues that the bank shouldn't have pulled funds from his checking account after he was tardy in making payments on his home equity line of credit.
William Lyons Robert Maddox Stephanie Gallagher National City Bank Financial Services Group Consumer Financial Protection Bureau

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