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Federal Court rules that bank is not liable in wire transfer fraud case

USA - April 30 2013 In a case decided last month, a federal district court ruled that the Uniform Commercial Code ("UCC") allows a bank to shift the risk of loss arising…

Kenneth F. Ehrlich, Matthew D. Hanaghan.

CFPB clarifies fair debt collection practices under mortgage servicing rules

USA - October 31 2013 The CFPB recently released a bulletin and an interim final rule to clarify the obligations of mortgage loan servicers, including banks, under the…

Kenneth F. Ehrlich, Matthew D. Hanaghan.

FDIC clarifies statement of policy under section 19 of FDI Act

USA - August 31 2011 The FDIC has issued guidance clarifying restrictions on service by persons convicted of certain criminal offenses on the board or in management of an insured depository institution.

Kenneth F. Ehrlich.

FDIC citing banks for ECOA violations based on credit report fee disparities

USA - March 31 2010 In recent FDIC compliance examinations, examiners have criticized banks for allegedly treating joint applicants for residential mortgage loans differently based on their marital status in violation of the Equal Credit Opportunity Act (ECOA).

Kenneth F. Ehrlich.

OCC provides guidance on the treatment of secured loans in bankruptcy proceedings

USA - February 28 2014 The OCC has issued guidance to clarify supervisory expectations for national banks and federal savings associations in situations where secured…

Kenneth F. Ehrlich, Matthew D. Hanaghan.