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Results: 1-10 of 695

Fed Reserve Bank of NY issues update on Tri-Party reform; wants industry action on fire sale risk
  • Reed Smith LLP
  • USA
  • February 24 2014

On February 13, 2014 the Federal Reserve Bank of New York ("NY Fed") issued an update on Tri-Party repo infrastructure reform. The update can be


Cherryland update: is turnabout fair play?
  • Reed Smith LLP
  • USA
  • April 25 2013

Last year in this space we reported on a pair of Michigan court decisions (51382 Gratiot Avenue Holdings, Inc. v. Chesterfield Development Company


Sixth Circuit holds that mortgage foreclosure and foreclosure lawyers are subject to the FDCPA
  • Reed Smith LLP
  • USA
  • February 1 2013

The U.S. Court of Appeals for the Sixth Circuit recently held that mortgage foreclosure actions are "debt collection" under the Fair Debt Collection


New York High Court rules that statutory interest not included with liquidated damages - unless you say so
  • Reed Smith LLP
  • USA
  • February 14 2013

A recent opinion by New York's highest court (J. D'Addario & Co. v. Embassy Indus., Inc. Slip Op 07850, Court of Appeals) held that a seller's "sole


CFPB Takes Enforcement Action Against FinTech Lender
  • Reed Smith LLP
  • USA
  • September 29 2016

On September 27, 2016, the Consumer Financial Protection Bureau (CFPB) entered into a Consent Order (the “Order”) with Flurish, Inc dba LendUp


FinCEN targets Community Bank - $1.5 million penalty for failure to file suspicious activity reports
  • Reed Smith LLP
  • USA
  • March 10 2015

On February 27, 2015, the Financial Crimes Enforcement Network ("FinCEN") announced a $1.5 million civil penalty against the First National Community


Can undue concentration in financial companies threaten market stability? New Federal Reserve merger and acquisition regulation seeks to prevent risk
  • Reed Smith LLP
  • USA
  • November 17 2014

The new year will bring new restrictions on banks and certain large financial institutions, as the Federal Reserve Board issued a final rule


Mortgage Lenders Receive Wake Up Call from CFPB
  • Reed Smith LLP
  • USA
  • November 8 2016

Last week, the CFPB issued a warning letter to 44 mortgage lenders and brokers concerning possible violations related to their collection and


"Abusive" further defined by court as CFPB case against ITT tech moves forward
  • Reed Smith LLP
  • USA
  • March 11 2015

On March 9, District Judge Sarah Evans Barker issued her long-anticipated order on the motion to dismiss in CFPB v. ITT Educational Services, Inc., No


Seventh Circuit permits inquiries relating to disability benefits
  • Reed Smith LLP
  • USA
  • December 12 2014

In October 2014, in Wigginton v. Bank of America Corp., 2014 U.S. App. Lexis 19850 (7th Cir. October 16, 2014), the Seventh Circuit Court of Appeals