This article, reprinted from the Westlaw Journal, Corporate Officers & Directors Liability, discusses mandatory pre-dispute arbitration clauses in consumer financial services contracts and the Supreme Court's April 2011 decision…more
"The financial crisis spawned by the confluence of rapid real estate price appreciation and easy mortgage credit paved the way for The Wall Street Reform and Consumer Protection Act, HR 4173 (aka the Dodd-Frank Reform Act), now…more
"In the past three years, litigation between states and national lenders has increased dramatically, resulting in high dollar settlements and unprecedented involvement by state officials in lenders' business operations…more
The risk of litigation for card issuers has been heightened by a proposed UDAP rule, issued by federal regulators, that breaks new ground by prohibiting a wide range of fees and finance-charge practices on cards. In addition,…more
New data on home mortgages, first made public last year, have spawned waves of investigation by regulators and class actions alleging discrimination in pricing on the basis of race, gender, or ethnicity. In view of all of these…more
On February 2, 2005, the Office of the Comptroller of the Currency ("OCC") issued Guidelines Establishing Standards for Residential Mortgage Lending Practices. The Guidelines should be viewed by national bank lenders as a set of…more
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