If you thought we were finally done with indemnification litigation focused on residential mortgages originated before the financial crisis of 2007-2008, think again. Over the past year, the Federal Deposit Insurance...more
In February, the Consumer Financial Protection Bureau (CFPB) proposed amending the Federal Reserve Board’s Regulation Z with respect to the amount of fees that credit card issuers are permitted to charge their customers for...more
5/19/2023
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Late Fees ,
Proposed Rules ,
Regulation Z ,
SBREFA ,
Truth in Lending Act (TILA)
Last week, the U.S. District Court for the Southern District of New York dealt a major blow to mortgage investors in two parallel actions pending for the past few years. The impact proved to be fatal to one of the actions,...more
2/18/2022
/ Article III ,
Breach of Contract ,
Breach of Duty ,
Consumer Financial Products ,
Deutsche Bank ,
Fiduciary Duty ,
Financial Services Industry ,
Investors ,
Mortgages ,
Representations and Warranties ,
RMBS ,
Standing ,
Statute of Limitations ,
Time-Barred Claims
Cryptocurrency continues to gain traction as a means of payment for goods and services. It recently made its debut appearance in the mortgage industry, as the concept of a “crypto-mortgage” came to life. A Miami-based...more
2/9/2022
/ Bitcoin ,
Consumer Financial Products ,
Cryptocurrency ,
Digital Currency ,
Financial Services Industry ,
Loans ,
Mortgage Loan Originators ,
Mortgages ,
Popular ,
Real Estate Investments ,
Real Estate Market ,
Real Estate Transactions
At the beginning of his term, President Biden declared that his administration would make it a policy to eliminate “racial bias and other forms of discrimination in all states of home-buying and renting.”...more
10/5/2021
/ Biden Administration ,
Community Reinvestment Act ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Disparate Impact ,
Dodd-Frank ,
Enforcement Actions ,
Fair Lending ,
Financial Institutions ,
Financial Services Industry ,
First-Lien ,
Housing Market ,
Mortgages ,
OCC ,
Racial Bias ,
Real Estate Transactions ,
Redlining ,
Section 1071 ,
Settlement Agreements
If you thought Lehman Brothers Holdings Inc. (“LBHI”) was done suing lenders as a result of its settlements with RMBS trustees years ago, think again. ...more