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FTC reaches $20 million settlement with company for misusing consumer credit reports

USA - May 16 2021 On April 29, the FTC announced a civil complaint and stipulated order filed by the DOJ on its behalf against a home security and monitoring company…

FDIC releases March enforcement actions

USA - May 16 2021 On April 30, the FDIC released a list of administrative enforcement actions taken against banks and individuals in March. During the month, the FDIC…

OFAC reaches $2.1 million settlement with German software company

Germany, USA - May 16 2021 On April 29, OFAC announced a more than $2.1 million settlement with a Germany-based software company for 190 apparent violations of the Iranian…

HUD charges mortgage modification service with Fair Housing Act violations

USA - May 16 2021 On April 30, HUD announced a Charge of Discrimination against a California-based mortgage modification service (Respondents) for allegedly violating…

FDIC announces Kentucky and Alabama disaster relief

USA - May 16 2021 On April 30, the FDIC issued FIL-31-2021 and FIL-32-2021 to provide regulatory relief to financial institutions and help facilitate recovery in areas…

SEC issues more than $25.6 million in whistleblower awards

USA - May 14 2021 On May 12, the SEC announced a whistleblower award totaling around $3.6 million in connection with a successful enforcement action. According to the…

Defendant obligated to indemnify bank in data breach suit

USA - May 14 2021 On May 10, the U.S. District Court for the Southern District of Texas ordered a defendant hospitality company to reimburse a National Bank and its…

OFAC sanctions Hizballah finance official and Lebanese shadow bankers

Lebanon, USA - May 14 2021 On May 11, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions pursuant to Executive Order 13224 against seven…

OFAC sanctions Mexican cartel members and facilitator

Mexico, USA - May 14 2021 On May 12, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions pursuant to the Foreign Narcotics Kingpin…

9th Circuit: Federal Foreclosure Bar preempts Nevada HOA law, maintaining Fannie Deed of Trust

USA - May 14 2021 On May 5, the U.S. Court of Appeals for the Ninth Circuit affirmed summary judgment in favor of a mortgage servicer in an action asserting claims…