InfoBytes, December 23, 2011 - A Weekly In-depth review of news & developments in the financial services industry.


Topics In This Issue:

• Federal Issues

• State Issues

• Courts

• Miscellany

• Firm News

• Firm Publications

• Mortgages

• Banking

• Consumer Finance

• Securities

• Privacy/Data Security

Excerpt from Federal Issues:

DOJ Obtains Historic Fair Lending Settlement to Resolve Countrywide Discriminatory Lending Claims.

On December 21, the Department of Justice (DOJ) announced an agreement with Bank of America for the largest fair-lending settlement in history-$335 million-to resolve allegations that Countrywide Financial Corporation, acquired by Bank of America in 2008, engaged in a pattern of discriminatory lending practices.

Please see full newsletter below for more information and links.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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