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Financial Institutions May Post Online Privacy Disclosures

The Consumer Financial Protection Bureau ("CFPB") recently amended Regulation P, which requires – in connection with the Gramm-Leach-Bliley Act – that financial institutions provide an annual disclosure of their privacy...more

12/3/2014 - Amended Regulation Banks CFPB Financial Institutions Gramm-Leach-Blilely Act Privacy Disclosures Regulation P Websites

New California Court of Appeal Decision Reaffirms General Rule that Residential Lenders Owe no Duty to Borrowers, Including in the...

In a recent decision, Lueras v. BAC Home Loans Servicing, LP, 2013 Cal. App. LEXIS 886, the California Court of Appeal returned to the general rule that, absent unique circumstances giving rise to a duty of care, lenders do...more

12/19/2013 - Borrowers Duty of Care Foreclosure Loan Modifications Loans Mortgage Servicers Mortgages Negligence

New California Court of Appeal Decision May Affect Administration of Foreclosure-Avoidance Actions

California's Legislature responded to the residential foreclosure crisis by, among other things, enacting new statutes aimed at clarifying the rights of borrowers facing foreclosure and imposing new restrictions on...more

4/17/2013 - Anti-Avoidance Borrowers Delinquent Borrowers Foreclosure Lenders Wrongful Foreclosures

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