Revises treatment income of partners for performing investment management services to be treated as ordinary income, allows an exclusion from gross income for up to $2 million of the income attributable to discharges of home mortgage indebtedness incurred after January 1, 2007 and other provisions.
To increase the pay of Federal judges, and for other purposes.
To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, establish licensing and registration requirements for residential mortgage originators and provide certain minimum standards for consumer mortgage loans.
To amend the Truth in Lending Act to prohibit mortgage originators from receiving incentive compensation that varies with the terms of a residential mortgage loan and from steering consumers to residential mortgage loans that are not in the consumers' best interest, and for other purposes.
To authorize bankruptcy courts to take certain actions with respect to mortgage loans in bankruptcy, and for other purposes.
To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies.
To amend title 11 of the United States Code with respect to modification of certain mortgages on principal residences, and for other purposes.
To amend the Truth in Lending Act to provide for the establishment of fair mortgage practices, generally, and for subprime mortgages in particular, to provide for a national system for licensing or registering residential mortgage loan originators, and for other purposes.
To amend chapter 1 of title 9 of United States Code with respect to arbitration.
To amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes.