Andrew Schilling

Andrew Schilling

BuckleySandler LLP

Contact  |  View Bio  |  RSS

Latest Publications


A False Claims Act Win for the Banks

In the years following the financial crisis, the U.S. Department of Justice and the relators bar have aggressively used the False Claims Act to target banks and nonbank mortgage lenders and servicers, using increasingly...more

5/12/2016 - Banking Sector DOJ False Claims Act (FCA) Federal Housing Administration (FHA) FHA Loans HUD Implied Certification Mortgage Lenders Mortgages Wells Fargo

Amending FIRREA: An Alternative Proposal

Near the end of his tenure, Attorney General Eric Holder publicly raised the prospect of amending FIRREA—the Financial Institutions Reform, Recovery, and Enforcement Act of 1989—to increase the incentives for blowing the...more

5/6/2016 - Banking Sector DOJ False Claims Act (FCA) Financial Institutions FIRREA Fraud Operation Choke Point Proposed Legislation RICO Subpoenas Whistleblower Awards Whistleblowers

Fannie And Freddie Loans Could Be Next FCA Targets

By now, lenders that make loans insured by the federal government are well acquainted with the False Claims Act. Following the financial crisis, the U.S. Department of Justice has aggressively used the FCA to collect billions...more

2/11/2016 - Banks DOJ False Claims Act (FCA) Fannie Mae Federal Housing Administration (FHA) Freddie Mac Mortgage Lenders Mortgage Servicers

US v. Heinz May Bolster Expansive FIRREA Interpretation

The U.S. Department of Justice’s aggressive use of the Financial Institutions Reform, Recovery, and Enforcement Act to sue banks for fraud just received an unexpected boost, and from an unlikely source: In a criminal case...more

6/12/2015 - DOJ Financial Institutions FIRREA Fraud Municipal Bonds Statute of Limitations Wire Fraud

The RMBS Working Group: Is There Life After Eric Holder?

Financial institutions are asking what Attorney General Eric Holder’s resignation means for the future of the U.S. Department of Justice’s financial fraud enforcement program generally, and the Residential Mortgage-Backed...more

10/30/2014 - DOJ Enforcement Eric Holder Fraud Mortgage-Backed Securities Mortgages RMBS

Should FIRREA Whistleblower Bounties Be Higher?

On Sept. 17, U.S. Attorney General Eric Holder raised the prospect of amending FIRREA — the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 — to increase its whistleblower awards with the goal of further...more

10/1/2014 - DOJ Eric Holder False Claims Act (FCA) FIRREA Fraud Whistleblower Awards Whistleblowers

FHFA Inspector General Emerging As Key Enforcement Player: What To Expect In 2014

These days, there is certainly no shortage of investigators, auditors, regulators, and prosecutors inundating the financial services industry with audits, inquiries, civil investigative demands, and subpoenas. Some of these...more

1/2/2014 - CFPB Department of Financial Services Enforcement FHFA Subpoenas

Challenging FIRREA Subpoenas: The RMBS Working Group Faces Subpoena Fight

As the Justice Department has stepped up its pursuit of financial institutions, there has been a surge of civil fraud lawsuits brought by the government under FIRREA — the Financial Institutions Reform, Recovery, and...more

12/20/2013 - Civil Monetary Penalty DOJ Enforcement Fannie Mae FIRREA Fraud Freddie Mac Lenders Litigation Strategies Mortgage Loan Originators Mortgages RMBS Subpoenas

New York Becoming the Leading Venue for Financial Fraud Whistleblower Suits

New York is quickly becoming the venue of choice for financial fraud whistleblowers suing under the False Claims Act (FCA). In this “BNA Insight” published in Bloomberg/BNA’s Banking Report, authors Ross Morrison, Matthew...more


Whistleblower Bounties May Encourage Residential Mortgage-Backed Securities Fraud Reporting

The government is using not only the False Claims Act ( FCA, 31 USC §3729) to fight financial fraud; it has been bringing claims against financial institutions under the Financial Institutions Reform, Recovery and Enforcement...more

8/27/2012 - DOJ False Claims Act (FCA) FIRREA Fraud RMBS Whistleblowers

Understanding FIRREA's Reach: When Does Fraud 'Affect' a Financial Institution?

The Department of Justice has recently begun using the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) as a tool in its arsenal to combat financial fraud, including bank fraud, mail fraud, wire fraud and...more

7/24/2012 - DOJ False Claims Act (FCA) FIRREA Fraud

11 Results
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.