Mondaq USA: Finance and Banking > Charges, Mortgages, Indemnities
Troutman Sanders LLP
In a recent ruling, the Seventh Circuit Court of Appeals held that plaintiffs stated a viable claim under the Fair Debt Collection Practices Act by alleging that a collection letter which included the safe harbour...
Cadwalader, Wickersham & Taft LLP
A mortgage banker agreed to pay a $5 million fine, following restitution payments of $7 million, to settle charges brought by the New York State Department of Financial Services ("DFS").
Reinhart Boerner Van Deuren s.c.
On March 6, 2018, the Wisconsin Supreme Court issued a decision which caused Wisconsin mortgage lenders to shudder.
Troutman Sanders LLP
According to a recent decision from the California Court of Appeal, mortgage lenders and servicers can, at least under certain circumstances, be "debt collectors" under the California Rosenthal Fair Debt Collection...
Cadwalader, Wickersham & Taft LLP
The Office of the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System (collectively, the "Agencies") adopted a new rule ...
Cadwalader, Wickersham & Taft LLP
An investment bank agreed to pay over $2 billion to settle claims that it engaged in a fraudulent scheme to sell residential mortgage-backed securities ("RMBS") ...
Cadwalader, Wickersham & Taft LLP
The Financial Crimes Enforcement Network ("FinCEN") reportedly extended a Geographic Targeting Order ("GTO") originally imposed in 2016 to flag potential money-laundering ...
Arnold & Porter
On March 14, the US Senate passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act (Economic Growth Act), on a 67-31 vote.
Troutman Sanders LLP
On February 12, the White House released its budget proposal for Fiscal Year 2018, a document that calls for numerous changes to the repayment and forgiveness of federal student loans taken out after July 1, 2019.
Cadwalader, Wickersham & Taft LLP
The Consumer Financial Protection Bureau ("CFPB") adopted a final rule to amend mortgage servicing rules (Regulation Z) under the Truth in Lending Act.
Mayer Brown
However, servicers need time to transition between statement formats.
Troutman Sanders LLP
In the student loan market, servicers play a critical role. These entities maintain account records regarding borrowers, send periodic statements advising borrowers about amounts due and outstanding balances, ...
Thompson Coburn LLP
Consumer lenders should review their right-to-cure, pre-sale, and post-sale notices to borrowers in light of recent Missouri decisions.
Troutman Sanders LLP
The Senate's latest banking bill primarily focuses on overturning large chunks of the Dodd–Frank Wall Street Reform and Consumer Protection Act.
Troutman Sanders LLP
Introduced by Rep. Virginia Foxx (R-N.C.), the Promoting Real Opportunity, Success, and Prosperity through Education Reform (PROSPER) Act cleared the Committee on Education...
Cadwalader, Wickersham & Taft LLP
Staff members of the Board of Governors of the Federal Reserve System ("FRB") issued a report warning that nonbank mortgage lending has increased within the mortgage market to...
Troutman Sanders LLP
Two major groups within the financial industry began the month of March with renewed advocacy for structural modifications to the student loan program managed by the U.S. Department of Education ...
Ropes & Gray LLP
Credit funds that invest in distressed debt, whether through secondary trading or loan origination, not only must evaluate the borrower's credit quality and business plan, but, with the help of their lawyers, ...
Cadwalader, Wickersham & Taft LLP
The publication, titled A Guide to HMDA Reporting: Getting It Right!, was updated in order to reflect changes to Regulation C.
Koley Jessen PC
It is not uncommon for a related or "friendly" party to desire to make a loan at a lower interest rate than what is available in an arms-length transaction on the open market.
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Arnold & Porter
On March 14, the US Senate passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act (Economic Growth Act), on a 67-31 vote.
Cadwalader, Wickersham & Taft LLP
An accounting firm agreed to pay nearly $150 million to the U.S. government to settle potential liability related to the audits of a failed mortgage lender.
Troutman Sanders LLP
On February 12, the White House released its budget proposal for Fiscal Year 2018, a document that calls for numerous changes to the repayment and forgiveness of federal student loans taken out after July 1, 2019.
Mayer Brown
The U.S. Court of Appeals for the D.C. Circuit (the "court") has issued its long-awaited en banc decision in PHH v. CFPB.
Cadwalader, Wickersham & Taft LLP
The Office of the Comptroller of the Currency, the FDIC and the Board of Governors of the Federal Reserve System (collectively, the "Agencies") adopted a new rule ...
Cadwalader, Wickersham & Taft LLP
The Financial Crimes Enforcement Network ("FinCEN") reportedly extended a Geographic Targeting Order ("GTO") originally imposed in 2016 to flag potential money-laundering ...
Reinhart Boerner Van Deuren s.c.
On March 6, 2018, the Wisconsin Supreme Court issued a decision which caused Wisconsin mortgage lenders to shudder.
Cadwalader, Wickersham & Taft LLP
An investment bank agreed to pay over $2 billion to settle claims that it engaged in a fraudulent scheme to sell residential mortgage-backed securities ("RMBS") ...
Troutman Sanders LLP
According to a recent decision from the California Court of Appeal, mortgage lenders and servicers can, at least under certain circumstances, be "debt collectors" under the California Rosenthal Fair Debt Collection...
Cadwalader, Wickersham & Taft LLP
The Consumer Financial Protection Bureau ("CFPB") adopted a final rule to amend mortgage servicing rules (Regulation Z) under the Truth in Lending Act.
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