One of the vestiges of the global financial crisis is that company directors and officers now face more scrutiny than ever.
In the most recent development in the CFPB’s two-year-old lawsuit alleging unfair, deceptive, and abusive practices by several online lenders, on September 23, 2015, Massachusetts U.S. District Judge George O’Toole, Jr., granted a motion transferring the CFPB’s suit from the District of Massachusetts to the Central District of California.
Marketing Services Agreements Pose Grave Compliance Risk – Mortgage and Real Estate Industry On Notice
The CFPB issued Compliance Bulletin 2015-05 (Bulletin) today, which sets forth its position concerning the use of Marketing Services Agreements (MSAs) by mortgage companies and settlement service providers.
On October 7, 2015, the Consumer Financial Protection Bureau (CFPB) announced that it is exploring a rulemaking to eliminate the use of certain arbitration agreements in consumer contracts that block consumers from participating in class-action lawsuits.
Be Careful What You Ask for, You May Get It—the CFPB Addresses Marketing Services Agreements Under RESPA
The residential mortgage settlement service industry has been asking the CFPB for guidance on the legality of marketing service agreements (MSAs) under RESPA.
A report published today by the Center for Political Accountability will result in more pressure on public companies to voluntarily disclose information about their political spending.
On Wednesday, October 7th, the House voted to pass the Homebuyers Assistance Act, a bill that would delay enforcement of the new TRID rules that went into effect on October 3.
In a previous blog, the process of emancipation in New Jersey was discussed, which included the various factors a court considers when determining whether or not a child should be emancipated.
Changes may be on the horizon as the government of Ontario engages in a comprehensive review of the regulation of financial services.