The regulatory authority of the U.S. Securities and Exchange Commission (“SEC”) over the cryptocurrency industry has recently been challenged on a couple of fronts. One involves a lawsuit filed by the SEC against a Utah-based...more
If you thought we were finally done with indemnification litigation focused on residential mortgages originated before the financial crisis of 2007-2008, think again. Over the past year, the Federal Deposit Insurance...more
Fannie Mae has reached a historic $53 million settlement with the National Fair Housing Alliance (“NFHA”) and local fair housing organizations throughout the U.S. to resolve racial discrimination claims concerning Fannie...more
Two major U.S. financial institutions, Morgan Stanley and Capital One, recently agreed to resolve separate class action lawsuits by paying, in the aggregate, hundreds of millions of dollars in compensation for massive data...more
1/7/2022
/ Capital One ,
Civil Monetary Penalty ,
Class Action ,
Cloud Computing ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Enforcement Actions ,
Financial Services Industry ,
Hackers ,
Identity Theft ,
Information Technology ,
Morgan Stanley ,
Personal Data ,
Settlement Agreements
At the beginning of his term, President Biden declared that his administration would make it a policy to eliminate “racial bias and other forms of discrimination in all states of home-buying and renting.”...more
10/5/2021
/ Biden Administration ,
Community Reinvestment Act ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Disparate Impact ,
Dodd-Frank ,
Enforcement Actions ,
Fair Lending ,
Financial Institutions ,
Financial Services Industry ,
First-Lien ,
Housing Market ,
Mortgages ,
OCC ,
Racial Bias ,
Real Estate Transactions ,
Redlining ,
Section 1071 ,
Settlement Agreements