Each week, labor and employment attorney Ari Karen writes about the latest hearings and litigation in the financial sector, and offers his viewpoint on diverse compliance and compensation matters. Whether you run a business, work for a financial institution, or are involved in an employment dispute, Mr. Karen offers an important point-of-view on our nation’s volatile regulatory environment. Missed September’s Compensation and Compliance Matters? Catch up with this article round-up:
A functional compliance system is defined by its capacity to “create verifiable and consistent outcomes,” and should give lenders peace of mind in the knowledge that a regulator’s investigation would not reach a different result. To learn more about the benefits of predictable compliance infrastructure, and what steps to take in order to establish such a system, make sure to read Mr. Karen’s September 2nd article for National Mortgage News.
U.S. banks may soon face a surge of complaints and claims from whistleblowers, as the Attorney General is calling for higher awards for those who expose financial institution misconduct. Read what Mr. Karen thinks of the current environment for lenders and whistleblowers under the Financial Institutions Reform Recovery Enforcement Act (FIRREA) in his September 22nd column.
While cyber theft makes headlines, data breaches through physical means still happen—and pose a real threat to mortgage banks and consumers alike. What steps can lenders take to secure important files and reduce the rate of identity theft? Check out Mr. Karen’s practical guidance on implementing and enforcing data protection procedures both offline and online.
Lenders in the state of New York should be aware that the state has started to file many promised lawsuits accusing mortgage companies of redlining, i.e. denying or offering loans at inflated rates to certain geographic areas, usually those that are more ethnically or racially diverse. These claims may affect banks that offer fewer loans in general after suffering the losses of 2008’s financial crisis. Mr. Karen offers his perspective and words of advice in this column from September 8th. If you have any questions about these or other compliance and compensation matters please contact Ari Karen at: email@example.com | 240.507.1740.
About Ari Karen
Ari Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide. Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others. You can also connect with Offit Kurman via Facebook, Twitter, Google+, YouTube, and LinkedIn