Antitrust & Trade Regulation, Finance & Banking, Residential Real Estate

FTC Sends FCRA Warning to Providers of Rental Histories

by John L. Culhane, Jr., Alan S. Kaplinsky, Mercedes Kelley Tunstall | Ballard Spahr LLP on 4/11/2013

The Federal Trade Commission continues to keep Fair Credit Reporting Act (FCRA) enforcement at the forefront of its activities, as shown by its recent warnings to operators of six websites that provide information about...more

Mortgage Banking Update - March 08, 2013

by Richard J. Andreano, Jr., Sharon Wilson Geno, Amy Glassman, Barbara S. Mishkin, Nydia Pouyes, Matthew Saunig, John D. Socknat, Michael S. Waldron | Ballard Spahr LLP on 3/8/2013

In This Issue: - Kentucky County Clerks Cannot Sue MERS for Failure To Record Mortgage Assignments, Sixth Circuit Rules - Bipartisan Policy Center Proposes New Directions for National Housing Policy - FTC...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 1, 2013

by BuckleySandler LLP on 2/8/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - E-COMMERCE - PRIVACY/DATA SECURITY -...more

Eleventh Circuit Holds that Net Revenue, Not Profits, Should Determine Damages in FTC Deceptive Marketing Case

by Michael Rosensaft, Allison Wuertz | Katten Muchin Rosenman LLP on 1/31/2013

The US Court of Appeals for the Eleventh Circuit recently affirmed a judgment against three individual defendants finding that the district court correctly used net revenue to calculate damages. Defendant-appellants were...more

Corporate and Financial Weekly Digest - January 18, 2013

by Katten Muchin Rosenman LLP on 1/21/2013

In this issue: - SEC Approves NYSE and NASDAQ New Compensation Committee and Adviser Listing Standards - SEC Extends No-Action Letter Permitting Broker-Dealers to Rely on Certain Investment Advisers to Conduct...more

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

by Sara Aliabadi, Christopher A. Reese | Schnader Harrison Segal & Lewis LLP on 12/29/2012

On November 13, 2012, the U.S. District Court for the Eastern District of California, in McCarn v. HSBC USA, Inc., 2012 U.S. Dist. LEXIS 162257, issued an important decision rejecting as inadequate a plaintiff’s attempt to...more

Antitrust "Tying" Claims Dismissed Against Homebuilders

by Joseph E. Gallo, Michael Rosensaft | Katten Muchin Rosenman LLP on 12/18/2012

The US District Court for the Eastern District of California recently ruled on the type of activity that constitutes a claim of impermissible “tying” under federal antitrust law, holding that the alleged misconduct of a group...more

CFPB and FTC announce joint action against mortgage advertisers

by Richard J. Andreano, Jr. | Ballard Spahr LLP on 11/20/2012

The CFPB and FTC announced that they have sent warning letters to mortgage advertisers urging them to review their marketing materials to ensure that they comply with the Mortgage Acts and Practices-Advertising Rule...more

CFPB, FTC Announce Crackdown on Deceptive Mortgage Advertising

by Jeff Ifrah on 11/20/2012

On November 19, 2012, the Federal Trade Commission and the Consumer Financial Protection Bureau announced that they have launched a new coordinated effort to protect consumers, focusing on mortgage advertisements that they...more

Mortgage Banking Update - October 19, 2012

by Ballard Spahr LLP on 10/19/2012

In This Issue: - FTC Settles FCRA Enforcement Actions Alleging Wrongful Sale and Use of Prescreened Lists - Colorado Court of Appeals Finds “Fractional Interests” Not Lots under the Interstate Land Sales Full...more

FTC Settles Charges Related to Sale and Use of Consumer Mortgage Payment Data

by BuckleySandler LLP on 10/17/2012

On October 10, the FTC announced that a major consumer reporting agency (CRA) agreed to settle charges that it improperly sold lists of consumers who were late on their mortgage payments. ...more

FTC Wins Judgment in Mortgage Modification Case

by BuckleySandler LLP on 7/10/2012

On July 2, the Federal Trade Commission (FTC) announced that it obtained a $2.6 million judgment against three defendants for failing to provide mortgage modification services after collecting upfront fees from borrowers. The...more

Whalen: Too Much Regulation Caused JP Morgan $2 Billion Loss [Video]

by Bloomberg Law on 5/17/2012

May 17 (Bloomberg Law) -- Last week JP Morgan Chase acknowledged a trading loss of at least $2 billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director...more

FTC Obtains Injunction, Asset Freeze on Alleged Mortgage Scam

by Jeff Ifrah on 4/3/2012

The Federal Trade Commission has obtained an order from the federal court for the Central District of California for a preliminary injunction and asset freeze against all the defendants in an alleged mortgage modification...more

Home Loan Modification Tips

by Tampa Bay Bankruptcy Center, P.A. on 12/12/2011

As the recession continues to take its toll, it is not uncommon for many home owners to try to renegotiate the terms of their loans. The main federal agencies responsible for regulating the loan modification and foreclosure...more

FTC Takes Action on Fraudulent Mortgage Relief Companies

by Tampa Bay Bankruptcy Center, P.A. on 12/2/2011

Every cent counts these days. And it is no wonder that scam programs are on the rise, including many socalled mortgage relief companies that promise to reduce your mortgage but deliver nothing. Of late the FTC has taken...more

For Real Estate Developers: Major Development in Enforcement of the Interstate Land Sales Full Disclosure Act

by Snell & Wilmer L.L.P. on 8/15/2011

As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (“CFPB”) has now been charged with the enforcement of the Interstate Land Sales Full Disclosure Act (“ILSA”)...more

FTC Issues Mortgage Acts and Practices - Advertising Final Rule

by Venable LLP on 7/26/2011

On Tuesday, July 19, 2011, the Federal Trade Commission (“FTC”) issued the Mortgage Acts and Practices (“MAP”) – Advertising Final Rule (the “Final Rule”), which bans deceptive claims and practices that may occur with regard...more

InfoBytes, July 22, 2011 - A Weekly In-depth review of news & developments in the financial services industry

by BuckleySandler LLP on 7/25/2011

In This Issue: Federal Issues; State Issues; Firm News; Mortgages; Banking; and Consumer Finance. Excerpt from Consumer Finance: FTC Issues Summary of Staff Interpretations; Withdraws Commentary. On the eve...more

Infobytes, June 24, 2011

by BuckleySandler LLP on 6/27/2011

Topics in this issue: Federal Issues; State Issues; Courts; Firm News; Miscellany; Mortgages; Litigation; E-Financial Services; Privacy/Data Security; and, Criminal Enforcement Action. Excerpt from "Federal...more

AFSA Litigation - Year in Review

by Kirk Jensen on 6/22/2011

Kirk Jensen reviews the major topics of litigation in the area of financial services in this presentation to the American Financial Services Association (AFSA). He reviews the AT&T v. Concepcion case involving the...more

How to Protect Yourself From Mortgage Relief Scams: More Stress For Homeowners in Distress

by Fonfrias Law Group LLC. on 6/14/2011

THANKS ... to the Federal Trade Commission in Washington, DC, for kindly providing much of the information in this article. The possibility of losing your home to foreclosure can be terrifying. The fact that scam artists...more

InfoBytes, May 6, 2011 - Weekly In-depth review of news & developments in the financial services industry

by BuckleySandler LLP on 5/6/2011

Topics In This Issue: • Federal Issues • State Issues • Courts • Firm News • Mortgages • Banking • Litigation • Privacy/Data Security Excerpt from Privacy/Data Security: FTC Settles Charges...more

FTC's Loan Modification Advance Fee Ban Takes Effect

by Loeb & Loeb LLP on 2/14/2011

The following information was posted on the Federal Trade Commission's website (www.ftc.gov) on February 10, 2011: FTC's Mortgage Assistance Relief Services Advance Fee Ban Takes Effect The advance fee ban under the...more

FTC Issues New Rule on Mortgage Scammers

by Jeff Ifrah on 1/10/2011

As the economic crisis continues for many homeowners, the Federal Trade Commission has taken actions to protect homeowners from mortgage relief scams. Most of the new requirements took effect on December 29, 2010, and all of...more

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Antitrust & Trade Regulation › Finance & Banking › Residential Real Estate

FTC Sends FCRA Warning to Providers of Rental Histories

Mortgage Banking Update - March 08, 2013

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - February 1, 2013

Eleventh Circuit Holds that Net Revenue, Not Profits, Should Determine Damages in FTC Deceptive Marketing Case

Corporate and Financial Weekly Digest - January 18, 2013

McCarn v. HSBC USA, Inc.: A Federal Court Dismisses a Plaintiff's Attempt to Apply Antitrust-Conspiracy Principles to a Consumer...

Antitrust "Tying" Claims Dismissed Against Homebuilders

CFPB and FTC announce joint action against mortgage advertisers

CFPB, FTC Announce Crackdown on Deceptive Mortgage Advertising

Mortgage Banking Update - October 19, 2012

FTC Settles Charges Related to Sale and Use of Consumer Mortgage Payment Data

FTC Wins Judgment in Mortgage Modification Case

Whalen: Too Much Regulation Caused JP Morgan $2 Billion Loss [Video]

FTC Obtains Injunction, Asset Freeze on Alleged Mortgage Scam

Home Loan Modification Tips

FTC Takes Action on Fraudulent Mortgage Relief Companies

For Real Estate Developers: Major Development in Enforcement of the Interstate Land Sales Full Disclosure Act

FTC Issues Mortgage Acts and Practices - Advertising Final Rule

InfoBytes, July 22, 2011 - A Weekly In-depth review of news & developments in the financial services industry

Infobytes, June 24, 2011

AFSA Litigation - Year in Review

How to Protect Yourself From Mortgage Relief Scams: More Stress For Homeowners in Distress

InfoBytes, May 6, 2011 - Weekly In-depth review of news & developments in the financial services industry

FTC's Loan Modification Advance Fee Ban Takes Effect

FTC Issues New Rule on Mortgage Scammers

Whalen: Too Much Regulation Caused JP Morgan $2 Billion Loss [Video]

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