The Office of the Inspector General (OIG) for the Department of Housing and Urban Development (HUD) recently issued its Semiannual Report to Congress for the period from April through September 2018....more
12/31/2018
/ Administrative Authority ,
Annual Reports ,
Community Development ,
Criminal Conspiracy ,
Criminal Prosecution ,
HUD ,
Loans ,
Mortgage Fraud ,
Mortgages ,
OIG ,
Tax Fraud ,
Wire Fraud
In a July 2018 interview with HousingWire, FHA Commissioner Brian Montgomery stated that the FHA wants to bring big banks back to the FHA lending space by increasing transparency and decreasing False Claims Act (FCA)...more
On June 29, 2018, the California Commissioner of Business Oversight warned California residential mortgage lenders and servicers that their failure to file annual reports could lead to enforcement actions. ...more
7/11/2018
/ Annual Reports ,
Consumer Financial Products ,
Consumer Lenders ,
Department of Business Oversight ,
Financial Services Industry ,
Mortgage Lenders ,
Mortgage Servicers ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
State and Local Government
On November 2, 2017, the U.S. Court of Appeals for the 11th Circuit affirmed a $13.5 million judgment that the FTC obtained against a group of individuals, law firms, and related entities that engaged in a massive nationwide...more
11/10/2017
/ Appeals ,
Debt-Relief Industry ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Fraud ,
Financial Services Industry ,
Loan Modifications ,
Mortgage Assistance Relief Services (MARS) ,
Mortgages ,
Scams ,
Summary Judgment ,
Telemarketing Sales Rule
The Ninth Circuit Court of Appeals issued a decision last week holding that mortgage underwriters are not exempt from the overtime requirements of the Fair Labor Standards Act (FLSA). The July 6 decision, which furthers a...more
7/12/2017
/ Banking Sector ,
Department of Labor (DOL) ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Minimum Salary ,
Mortgage Servicers ,
Mortgages ,
Over-Time ,
Underwriting ,
Wage and Hour ,
White-Collar Exemptions
The U.S. Supreme Court has ruled, by a 5-3 majority, that the city of Miami was authorized to bring lawsuits based on allegations that banks engaged in financial-crisis-era discriminatory lending. The city alleged that the...more
5/5/2017
/ Discriminatory Lending Practices ,
Fair Housing Act (FHA) ,
Foreclosure ,
Miami ,
Mortgage Lenders ,
Mortgages ,
Predatory Lending ,
Race Discrimination ,
SCOTUS ,
Tax Revenues ,
Zone of Interests
On April 4, 2017, the Mortgagee Review Board (MRB) of the U.S. Department for Housing and Urban Development (HUD) published an entry in the Federal Register titled "Mortgagee Review Board: Administrative Actions." The entry...more
The Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development has issued an alert on appraiser identity theft. The alert details cases in three states where identity thieves illegally used...more
The Office of Federal Contract Compliance (OFCCP)—the Department of Labor agency charged with enforcing affirmative action and equal employment opportunity requirements imposed on certain federal contractors and...more
The HUD Office of Inspector General (OIG) released an audit on July 9, 2015, in which it opined that loans that included down payment assistance programs from state housing agencies ran afoul of HUD regulations. (OIG Report...more
The U.S. Department of Labor (DOL) issued a final rule substantially increasing the annual salary an employee must earn to be exempt from overtime pay requirements. The final rule—which takes effect on December 1, 2016—will...more
Federal contractors and subcontractors are prohibited from discriminating against employees or job applicants for inquiring about, discussing, or disclosing their compensation or the compensation of others now that the final...more
9/16/2015
/ Employment Discrimination ,
Equal Pay ,
Federal Contractors ,
Gender-Based Pay Discrimination ,
Hiring & Firing ,
NLRA ,
Obama Administration ,
OFCCP ,
Pay Secrecy ,
Subcontractors ,
Wage and Hour
The U. S. Court of Appeals for the District of Columbia Circuit unanimously upheld a Department of Labor (DOL) rule which extended the Fair Labor Standard Act’s (FLSA) minimum wage and overtime protections to certain home...more
8/26/2015
/ Appeals ,
Companionship Exemptions ,
Department of Labor (DOL) ,
Fair Labor Standards Act (FLSA) ,
Health Care Providers ,
Healthcare ,
Home Health Agencies ,
Home Health Care ,
Home Healthcare Workers ,
Minimum Wage ,
Third-Party Agents ,
Unpaid Overtime
We know that many of you are aware of the U.S. Supreme Court's decision in Perez v. Mortgage Bankers Association. The Court held that the U.S. Department of Labor was not required to follow notice and comment procedures in...more
On December 3, 2014, the Office of Federal Contract Compliance Programs (OFCCP) published a Final Rule changing the OFCCP’s regulations to add gender identity and sexual orientation to the classes it protects. The final rule...more
12/5/2014
The U.S. Department of Labor's (DOL) Office of Federal Contract Compliance Programs (OFCCP)—which enforces anti-discrimination and affirmative action laws affecting government contractors and subcontractors—has issued...more
The Office of Federal Contract Compliance Programs (OFCCP) has released the revised Voluntary Self-Identification Form CC-305. All federal contractors will be required to use this form in inviting applicants and employees to...more
An employer that deducts union dues from employees’ wages (dues checkoff) under a collective bargaining agreement (CBA) must now continue to do so after the CBA expires....more
The Office of Federal Contract Compliance Programs (OFCCP), the Department of Labor (DOL) agency charged with enforcing affirmative action and equal employment opportunity requirements imposed on certain federal contractors...more