Compliance Newshub
Legal News

American Banker

Citigroup will refund an additional $4.2 million to credit card customers, following a 2018 settlement with the Consumer Financial Protection Bureau in which Citigroup agreed to repay $335 million.

Ballard Spahr LLP--Scott A. Coleman

The OCC’s motion to dismiss a lawsuit filed last June by the National Community Reinvestment Coalition and California Reinvestment Coalition declaring the OCC’s CRA final rule unlawful has been denied by a California federal district court.

The FDIC issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA) in November 2020.

Mortgage Professional America – Candyd Mendoza

The US Attorney for the Northern District of Illinois announced a real estate developer and two others face charges of running a multi-million-dollar mortgage fraud scheme.

A federal grand jury has indicted Andrzej Lajewski, a real estate developer and Agnieszka Siekowski, Aldona Bobrowicz and Andrzej Bukowski in a mortgage fraud scheme that defrauded financial institutions out of at least $3 million in mortgage loans by making materially false representations to financial institutions regarding the buyers’ qualifications for loans.

Housingwire--Alex Roha

Attorney generals from 33 states have filed a motion against PHH Mortgage and its predecessor Ocwen Loan Servicing alleging that unlawful servicing fees were charged to almost one million borrowers.

DSNews--Jonathan Blackmore, GrayRobinson, P.A.

The Florida Supreme Court issued its decision in Page v. Deutsche Bank Trust Company Americas, quashing the Fourth District’s holding that a borrower who successfully argues that a plaintiff lacked standing to foreclose is not entitled to an award of attorney's fees.

OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.

OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.

The CFPB issued a special edition of Supervisory Highlights, noting observations in its prioritized assessment (PA) supervisory work conducted during 2020 after the sudden onset of the COVID-19 pandemic.

OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.

The CFPB filed a proposed settlement to resolve its December 4, 2020 lawsuit against LendUp Loans, LLC (LendUp) alleging violations of the Military Lending Act (MLA), which is the Bureau’s broader sweep of investigations of multiple lenders that may be violating the MLA.