Financial Institutions Regulatory
Lenders Now Face Never-Ending Liability for RESPA Lawsuits
Earlier this month, the United States Court of Appeals for the Fourth Circuit handed plaintiffs suing for alleged violations of…
Read MoreLegal Alert – Payroll Data Due September 30th
The EEOC announced a court-approved deadline of September 30 for all employers of 100 or more employees to collect and…
Read MoreArbitration Gets Another Boost From Supreme Court
In response to the explosion in wage-hour cases, companies began requiring employees to individually arbitrate any employment related claim. Soon…
Read MoreWhy Lenders Should Jump at New, Easier Fix for Back Pay Disputes
For the better part of the last decade, lenders have been struggling (often in vain) to comply with the Fair…
Read MoreNew NLRB Standards May Change How Lenders Use Facebook
For most banks, the National Labor Relations Board has little to no influence on how they do business. After all,…
Read MoreWhat Does CFPB Director Richard Cordray’s Resignation Mean for the Agency’s Future?
Richard Cordray is stepping down as director of the Consumer Financial Protection Bureau. His resignation is expected to become effective…
Read MoreBeing Proactive with Policies, Procedures and Training
There are certain areas where lenders are always going to be vulnerable, for instance in the area of social media.…
Read MorePHH Hearing Recap and CFPB Status Forecast
Having listened to a vast majority of the PHH hearing, the main focus was the issue of constitutionality. Specifically, whether…
Read MoreSmall Banks Could Be Erased From Mortgage Market Thanks To Choice Act
As Published in the American Banker The proposed Financial Choice Act recently passed by the House contains many positive reforms…
Read MoreLender Legal Update- The Impending Financial Choice Act 2.0
In May’s Lender Legal Update, I covered the impending Financial Choice Act 2.0 passed through committee and on its way…
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