Foreclosure
March 22, 2016

California Court Grants Preliminary Injunction to Halt Foreclosure Over California Homeowners Bill of Rights Violation

The Superior Court of California, County of Sacramento, has granted a preliminary injunction to halt…
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BankingBusiness Law
March 14, 2016

CDBO Issues New CFLL Regulation to Require Licensing of Consumer Lenders and Brokers at Bank Subsidiaries and Affiliates

The California Department of Business Oversight (CDBO) has issued a new regulation under the California…
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Banking
March 10, 2016

OCC Issues Revised Policies on Civil Monetary Penalties for Financial Institutions

The Office of the Comptroller of the Currency (OCC) has issued revisions to its civil…
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BankingBusiness Law
March 2, 2016

FDIC Warns Banks to Make Cybersecurity Top Priority; California Data Breach Notification Laws Now in Effect

In its Winter 2015 Supervisory Insights, the FDIC issued a clear warning to financial institutions…
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Bankruptcy
February 25, 2016

Circuits Split on Secured Lenders’ Responsibility for Paying Excess Surcharges Sought by Bankruptcy Trustee

A recent decision by the U.S. Court of Appeals for the Fifth Circuit has caused…
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Bankruptcy
February 22, 2016

Ninth Circuit Limits Insider Status to Vote on Chapter 11 Reorganization

The Ninth Circuit Court of Appeals has upheld a decision by the Bankruptcy Appellate Panel…
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Banking
February 18, 2016

Wells Fargo to Pay $1.2B to Settle Mortgage Claims

Wells Fargo, the nation’s largest mortgage lender, has announced that it will pay $1.2 billion…
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Bankruptcy
February 15, 2016

Ninth Circuit Rules Absolute Priority Applicable to All Individual Chapter 11 Cases

The Ninth Circuit Bankruptcy Appellate Panel (“BAP”) has ruled that the absolute priority rule —…
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Bankruptcy
February 11, 2016

Ninth Circuit Rules Junior Lien Discharged in Chapter 7 Bankruptcy Cannot Be Included When Determining Chapter 13 Eligibility

The Ninth Circuit Bankruptcy Appellate Panel (“BAP”) has ruled that debts discharged in a prior…
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BankruptcyForeclosure
February 8, 2016

Tenth Circuit Rules Settlement Agreement Between Foreclosing Lender and Trustee Can Proceed Over Debtor Objections

The Tenth Circuit Bankruptcy Appellate Panel (“BAP”) recently affirmed a bankruptcy court’s approval of a…
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