PACE

Today’s podcast episode: Everything You Want to Know About the CFPB as Things Stand Today, and Lots More – Part 1

By Ballard CFS Group on April 10, 2025

Our podcast show being released today is Part 1 of a repurposed interactive webinar that we presented on March 24, featuring two of the leading journalists who cover the CFPB – Jon Hill from Law360 and Evan Weinberger from Bloomberg.

Our show began with Jon and Evan chronicling the initiatives beginning on February 3 by CFPB Acting Directors Scott Bessent, Russell Vought and DOGE to shut down or at least minimize the CFPB.… Continue Reading

CFPB Issues Final Rule on PACE Transactions

By Richard J. Andreano, Jr. on December 31, 2024

Posted in CFPB Rulemaking, Mortgages, Regulatory and Enforcement, TILA / RESPA

As previously reported, the Economic Growth, Regulatory Relief, and Consumer Protection Act (Act), enacted in 2018, directs the CFPB to prescribe regulations that apply Truth in Lending Act (TILA) ability-to-repay (ATR) requirements to Property Assessed Clean Energy (PACE) transactions, and apply the TILA civil liability provisions to violations of the requirements.… Continue Reading

CFPB issues proposed rule on PACE financing

By Richard J. Andreano, Jr. & Loran Kilson on May 4, 2023

Posted in CFPB, Mortgages, Regulatory and Enforcement

The Economic Growth, Regulatory Relief, and Consumer Protection Act (Act) directs the CFPB to prescribe Truth in Lending Act (TILA) ability-to-repay (ATR) rules for Property Assessed Clean Energy (PACE) financing. The CFPB recently issued a proposed rule that would require PACE creditors and PACE companies to consider a consumer’s ability to repay when issuing a new PACE loan, amend Regulation Z to address how it applies to PACE transactions, and adjust disclosure requirements to better fit PACE loans. … Continue Reading

CA Dept. of Financial Protection and Innovation uses new CCFPL authority to take enforcement action against individual and companies that advertised PACE financing and solicited consumers

By Ballard CFS Group on April 6, 2021

Posted in CADFPI, Regulatory and Enforcement, UDAAP

The California Department of Financial Protection and Innovation (DFPI) announced last week that it has entered into a consent order that permanently bars James Berry and any company he owns or controls from soliciting customers for Property Assessed Clean Energy (PACE) financing and seeking future enrollment as a solicitor for PACE programs. … Continue Reading