Join us on LinkedIn Follow us on Twitter Like us on Facebook
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation6

Case Law


Results 1 - 10 of 205

COVID-19 relief fraud enforcement continues

Posted Date: Monday, June 27, 2022
The Department of Justice has continued its efforts to hold to account individuals and organizations that engaged in fraud relating to COVID-19 relief funds. This includes a man convicted of a $4.1 million fraud scheme, and a real estate developer who was indicted by grand jury in Oregon.

Read on for more details.

Read on »

Case to watch: SEC v. Ripple

Posted Date: Tuesday, June 21, 2022
In 2012, Ripple Labs developed XRP, a cryptocurrency meant to facilitate international transactions. In December 2020, the Securities and Exchange Commission (SEC) brought suit against Ripple and two of its executives for selling XRP, which the SEC classified as an unregistered security.

Since then, a legal battle has been ongoing that many experts see as being a watershed case for crypto regulation.

Read on for more details.

Read on »

Lawsuit alleges racial discrimination by Wintrust Bank

Posted Date: Monday, June 20, 2022
A complaint filed in Chicago’s federal district court for the Northern District of Illinois alleges Wintrust Bank denied black applicants at a higher rate than white applicants; and, when black applicants were approved, it was at terms more burdensome than those for white applicants.

The lawsuit seeks certification to become a class action suit on behalf of all black applicants who were denied or subject to less favorable terms upon approval.

Read on for more details.

Read on »

11th Circuit applies FDCPA to monthly mortgage statements

Posted Date: Monday, June 13, 2022
In a case of first impression for the 11th Circuit Court of Appeals, the court heard a case questioning whether a monthly mortgage statement should fall within the definition of “communications in connection with the collection of debt” under the Fair Debt Collection Practices Act.

The opinion from the court gave a narrow holding, but one that may affect the way some mortgage servicers do business.

Read on for more details.

Read on »

Mortgage servicers sued by borrowers for data breach

Posted Date: Monday, June 13, 2022
Borrowers are bringing class action suits against mortgage servicers over data breaches. The borrowers are claiming the servicers failed to meet their duty to protect personal data of the borrowers.

Read on for more details.

Read on »

Fifth Circuit opens door for weakening of administrative enforcement actions

Posted Date: Monday, June 6, 2022
In a decision which seeks to restrict decades of Supreme Court precedent, the Fifth Circuit Court of Appeals has deemed the function of Securities and Exchange Commission Administrative Law Judges and their quasi-judicial authority to be unconstitutional.

This decision, if affirmed by the Supreme Court, could have wide-ranging ramifications for a considerable number of federal agencies.

Read on for more details.

Read on »

Ninth Circuit revives FCRA suit

Posted Date: Wednesday, June 1, 2022
The Ninth Circuit Court of Appeals has reversed a lower court’s summary judgment ruling in favor of a defendant sued for violation of the Fair Credit Reporting Act (FCRA).

The appellate court determined the “reasonable investigation” conducted by the defendant when the plaintiff disputed the information needed to be left up to a jury to decide.

Read on for more details.

Read on »

Circuit Court revives CFPB suit against mortgage lender

Posted Date: Wednesday, April 27, 2022
In 2013, the Consumer Financial Protection Bureau (CFPB) brought enforcement action against Ocwen Financial Corp. The enforcement action led to a settlement agreement between Ocwen and the CFPB during which time Ocwen mortgage’s practices were subjected to greater oversight and scrutiny.

Now the question before the court is whether the CFPB is precluded from bringing action against Ocwen for things done during, and prior to, the settlement agreement period.

Read on for more details.

Read on »

CFPB suit against lender survives dismissal efforts

Posted Date: Thursday, April 14, 2022
An enforcement action brought by the Consumer Financial Protection Bureau against 1st Alliance Lending and three individuals within the company has survived efforts by the defendants to get the case dismissed.

The case revolves around whether certain sales employees were required to maintain mortgage originator licenses in every state in which 1st Alliance Lending operated.

Read on for more details.

Read on »

DOJ, Congress investigating lenders for PPP fraud

Posted Date: Monday, April 4, 2022
Two years since the beginning of the COVID-19 pandemic, and the federal government has begun a full-force crack down on fraudulent activity relating to the Payment Protection Program (PPP) and Coronavirus Aid, Relief, and Economic Security (CARES) Act programs that were meant to help those whose economic well-being was most effected by the pandemic and related shutdowns.

This shift signals a major shift away from borrowers’ fraud and towards lenders that facilitated fraudulent borrowing.

Read on for more details.

Read on »
12345678910>>

Monthly Newsletter

Dodd Frank Update July 2022

Cover Story:

LexisNexis looks at the true cost of fraud in mortgage origination


Tweets from @DoddFrankUpdate/lists/industry-news
News by Topic   News by Edition   News by Agency   News by Industry   Special Reports   Webinars
Banking
Case Law
Consumer Protection
Financial Stability
Industry Spotlight
Legislation
Nonbank Financial
The TRID Journey
 
Dodd Frank Update April 2022
Dodd Frank Update May 2022
Dodd Frank Update June 2022
Dodd Frank Update July 2022
Archives
 
CFPB NCUA
CFTC OCC
FDIC OFR
FHFA SEC
FRB States
FSOC Treasury
FTC  
 
Appraisal
Broker-Dealer
Community Banks & Credit Unions
Land Title
Mortgage
Payday Lending
 
Forbearance Has Ended, Now What?
2022 State of the Industry
Mortgage Technology
Real Estate Compliance Outlook
Optimizing AI and Blockchain for the Future
Archives
 
Utilizing Tech for RESPA Compliance
Collaborating on eClosings
Economic Forecast Series
Industry and Regulatory Outlook
Archives

Library   About   Subscribe   Store
The Dodd-Frank Act Position Papers
Dodd-Frank Summary & History Legislation
Court Actions Regulations
Enforcement Documents Reports, Studies and Surveys
Guidance Documents Federal Register Notices
White Papers  
 
Dodd Frank Update
Contact / Editors
Advertise
Social Media
Are You An Expert?
Subscriber Agreement
 
Subscriptions
Free Email Updates
Try a Free Edition
 
NS3 The Summit
Other Newsletters
The Title Report
The Legal Description
Valuation Review
RESPA News
Copyright © 2011-2022 Dodd Frank Update
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.doddfrankupdate.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> The Legal Description
> RESPA News
> The Title Report
> Valuation Review
> The October Store


Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
EDITION
AGENCY
INDUSTRY
SPECIAL REPORTS
WEBINARS
LIBRARY
EMAIL UPDATES
ABOUT
SUBSCRIBE
Banking
Case Law
Consumer Protection
Financial Stability
Industry Spotlight
Legislation
Nonbank Financial
The TRID Journey
CFPB
CFTC
FDIC
FHFA
FRB
FSOC
NCUA
OCC
OFR
SEC
States
Treasury
Appraisal
Broker-Dealer
Community Banks & Credit Unions
Land Title
Mortgage
Payday Lending
Best Practices
Forbearance
2022 State of the Industry
2021 Mortgage Technology
Real Estate Compliance Outlook
Archives
CFPB Update
Move to ANSI Standards
Tech for RESPA Compliance
Collaborating on eClosings
2022 Economic Forecast Series
Industry and Regulatory Outlook
Complying with the New CFPB
Evolving Lender Relationships
RESPA Section 9
Getting to Know Your Regulators
Webinar Archives
Executive Interview Series
eClosing Solutions Showcase
Lender Associations
The Dodd-Frank Act
Dodd-Frank Summary
Court Actions
Enforcement Documents
Guidance Documents
White Papers
Position Papers
Legislation
Regulations
Reports, Studies and Surveys
Federal Register Notices
Proposals
Final Rules
GAO
Agency
Contact Us
Advertise
Social Media
Are You An Expert?
Subscriber Agreement