Banking
April 16, 2015

Ninth Circuit Rules FDIC Has Liability in Failed Bank Contract Breach

The Ninth Circuit has ruled that the Federal Deposit Insurance Corporation (“FDIC”) can be held…
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Banking
April 13, 2015

California Appeals Court Says “Enough!” in Dismissing Homeowner’s Multiple Wrongful Foreclosure Claims

A California appeals court has said “Enough!” to a homeowner’s ongoing wrongful foreclosure suits, dismissing…
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Banking
April 9, 2015

Final Policy Statement Issued on Public Disclosure of CFPB Consumer Complaint Database

The Consumer Financial Protection Bureau (“CFPB”) has published its final policy statement on how the…
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Banking
March 30, 2015

CFPB Study Says Arbitration Agreements Restrict Relief for Consumers in Disputes with Financial Service Providers

The Consumer Financial Protection Bureau (CFPB) released a study earlier this month that shows arbitration…
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BankingBankruptcy
March 5, 2015

Bank Accuses Auto Parts Company of Using Chapter 7 Bankruptcy to Cash In on Revolving Loan

M&T Bank Corp. has filed suit in a Los Angeles Superior Court against Motorcar Parts…
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Banking
February 5, 2015

S&P Barred From Providing CMBS Ratings for One Year; Must Pay $77M Fine Over Post-2011 Ratings

Standard & Poor’s Ratings Services (S&P) has reached a settlement agreement with the U.S. Securities…
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BankingForeclosure
January 19, 2015

SCRA Provisions to Postpone Foreclosure for Military Servicemembers Extended by Congress

In the waning days of 2014, Congress extended special provisions in the Servicemembers Civil Relief…
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