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CFPB Proposed Rule on Consumer Finance Arbitration

USA - July 19 2017 On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) presented for public comment its proposed rule prohibiting the use of mandatory…

Gil Rudolph.

Nevada Supreme Court Departs From Ninth Circuit Ruling And Finds HOA Lien Statute Does Not Implicate Due Process

USA - February 3 2017 On Jan. 26, 2017, the Nevada Supreme Court issued a 5-0-2 decision in Saticoy Bay LLC Series 350 Durango 104 v. Wells Fargo Home Mortgage, 133 Nev…

Jacob D. Bundick, Michael R. Hogue.

Ninth Circuit Holds that Foreclosure Trustee is Not Subject to FDCPA

USA - January 18 2017 In Ho v. ReconTrust Co., No. 10-56884, 9th Cir.; 2016 U.S. App. LEXIS 18836 (October 19, 2016), a borrower sued a foreclosure trustee, ReconTrust…

Federal Reserve Board’s Divisions of Research & Statistics and Monetary Affairs Issued Their First Research Paper on Blockchain Technology

USA - January 17 2017 Last month, the Federal Reserve Board’s Divisions of Research & Statistics and Monetary Affairs issued their first research paper on blockchain…

Mortgage Servicers Subject to New California Law Protecting Surviving Spouses and Heirs; Violations Carry Steep Penalties

USA - January 12 2017 A new California law protects widowed spouses and other survivors, including domestic partners, heirs, siblings, joint tenants, and other people who…