While the traditional responsibilities of real estate attorneys in New York are well understood, new and evolving consumer protection regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) and the new TILA RESPA Integrated Disclosures (TRID) are forcing attorneys to confront new challenges and presenting new opportunities.
The challenges and opportunities are magnified and complicated by the fact that attorneys in New York already address some of the very consumer protection issues that the new federal, one-size-fits-all, laws and regulations target, creating inherent tension between multiple approaches to the same problem.
