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SUMMARY. Would-be plaintiffs may have more time to pursue federal securities law class actions against publicly held companies under a new decision from the U.S. Supreme Court.

On January 6, 2021 the Department of Justice announced that Vivint Smart Home Inc. (Vivint) agreed to pay $3.2 million to resolve allegations of making false statements to a federally insured bank.

The CFPB continues to crack down on deceptive conduct by mortgage lenders, as evidenced by a recent action against California-based RMK Financial Corporation.

A mortgage lender settled CFPB charges for misleading and deceptive advertising and inadequate disclosures.

On March 15, 2017, the Consumer Financial Protection Bureau ("CFPB") ordered Nationstar Mortgage LLC ("Nationstar") to pay a $1.75 million civil penalty for violating the Home Mortgage Disclosure Act

In the dynamic landscape of financial services, the Nationwide Multistate Licensing System (NMLS) has emerged as a cornerstone for regulation and compliance.

Broker-dealers must comply by November 14, 2009, with the changes to the Uniform Application for Securities Industry Registration orTransfer (Form U4) and Uniform Termination Notice for Securities Industry Registration (Form U5) that went into effect on May 18, 2009, as part of the ongoing effort to encourage transparency in the financial services market while balancing the rights of the registered representatives.

The United States District Court for the District of New Jersey recently denied a borrower's motion for reconsideration of the dismissal of claims that she made asserting "mishandling"...

Almost three years after New York's "Foreclosure Abuse Prevention Act" (FAPA) changed how the six-year time clock applicable to mortgage actions starts and stops, the state's highest court resolved a heavily litigated dispute, concluding that FAPA is, indeed, retroactive.

On January 7, the NYDFS finalized a rule amending its banking regulations to implement New York's state Community Reinvestment Act requirements for certain nonbank mortgage lenders.

On June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents.

A recurring issue in New York mortgage lending is under what circumstances the state's six-year statute of limitations on mortgage debts is extended or revived.

If Congress does not reauthorize the National Flood Insurance Program (NFIP) by September 30, major parts of the program will expire—a lapse that could cause major problems in the mortgage industry.

In 2013, relators brought an FCA suit against various lenders and loan servicers.

The Appellate Division of the New Jersey Superior Court recently decided the case of Marra v. Wells Fargo Bank, N.A., No. A-5747-11T2, which concerned modifications of residential mortgage loans.

In January 2020, Senator Julia Salazar and Assembly Member Harvey Epstein introduced a bill (S7231/A09041)

The New York Mercantile Exchange, a subsidiary of CME, settled CFTC charges for improper disclosures of customers' trading activity by two former NYMEX employees.