District Court Rules CFPB’s Claims Precluded by Prior Consent Judgment
The U.S. District Court for the Southern District of Florida recently granted a partial summary judgment in favor of a national mortgage servicer, reducing the... Read More
Litigation Developments
NY Court of Appeals Rules on Four Foreclosure Statute of Limitations Cases
The New York State Court of Appeals recently issued a joint opinion in four cases regarding the state’s six-year statute of limitations on foreclosure actions.... Read More
Oregon Supreme Court Holds that Condo Association Takes Priority over Lender
The Oregon Supreme Court recently held that a condo association’s lien for unpaid assessments took priority over a bank’s lien because the bank failed to... Read More
8th Circuit Affirms Dismissal of Servicing Claim for Lack of Actual Damages
The U.S. Court of Appeals for the Eighth Circuit recently affirmed a district court’s decision to dismiss an action with prejudice because a plaintiff failed... Read More
Five States Agree to $4.2M Settlement with Bank over Credit Card Rates
The Attorneys General of five states—Iowa, Massachusetts, New Jersey, North Carolina, and Pennsylvania—recently agreed to a $4.2 million settlement with a national bank over alleged... Read More
FTC Settles with Payday Lender
The FTC recently settled with Nevada-based owners and operators of a national payday lending company over allegations that the company withdrew money from consumer accounts... Read More
11th Circuit: No Standing for Risk of Future Harm from Identity Theft
The U.S. Court of Appeals for the Eleventh Circuit recently held that a plaintiff does not have an actual injury sufficient to establish standing to... Read More
FinCEN Reached $390 Million Settlement with Bank for BSA Violations
FinCEN recently assessed a $390 Million civil money penalty against a national bank for violations of the Bank Secrecy Act (BSA). FinCEN determined that the... Read More
CFPB Settles with Student Loan Servicer over Alleged Violations of Prior Consent Order
The CFPB recently entered into a consent order with a student loan servicer, alleging violations of a prior consent order entered into in 2015, as... Read More
CFPB Consent Order Against Lender over MLA Violations Granted
The CFPB recently entered into a Stipulated Final Judgment and Order against a California-based online lender over allegations that the company violated the Military Lending... Read More
11th Circuit Stretches Escobar Standard to Revive $284 Million FCA Suit
Earlier this month Judge Charles Wilson, writing on behalf of the Eleventh Circuit, reversed a decision by the Northern District of Georgia granting summary judgment... Read More
Supreme Court Leaves in Place 5th Circuit’s Ruling on the Use of Statistical Data in False Claims Act Complaints
The Supreme Court denied a relator’s petition to review a decision by a panel of the U.S. Court of Appeals for the Fifth Circuit, which... Read More
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