On April 1, 2020, Ohio Gov. Mike DeWine signed Executive Order 2020-08D (the Order) addressing commercial evictions and foreclosures in Ohio during the COVID-19 public health emergency. Broadly stated, the Order “request[s]”...more
Welcome to the 2017 Year-End Report from our financial services industry team. We are pleased to share our analysis of some of the key developments in the financial services industry in 2017 and our expectations for 2018.
...more
4/17/2018
/ Arbitration Agreements ,
Chapter 11 ,
Commercial Bankruptcy ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial CHOICE Act ,
Financial Services Industry ,
Lenders ,
Libor ,
Mortgages ,
Payday Lending Rule ,
Single Director
On March 20, Florida Governor Rick Scott signed Senate Bill 220 into law. The bill is designed to limit the ability of defendants in foreclosure proceedings to keep contesting the foreclosure after agreeing, in bankruptcy, to...more
Yesterday, the Consumer Financial Protection Bureau (CFPB) announced the issuance of a consent decree with a former mortgage loan officer arising out of alleged violations of the Real Estate Settlement Procedures Act’s...more
5/30/2016
/ Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Enforcement Actions ,
Mortgage Lenders ,
Mortgage Loan Officer ,
Mortgages ,
Personal Liability ,
Popular ,
RESPA ,
UDAAP ,
Wells Fargo
On March 3, 2016, the BakerHostetler Financial Services industry team held its inaugural Financial Services Risk Summit. The speakers and panels addressed several key areas affecting the financial services sector: regulatory...more
4/5/2016
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Data Security ,
Fair Lending ,
FDIC ,
Financial Services Industry ,
Internal Investigations ,
Mortgages ,
Regulatory Standards ,
Risk Management ,
Sarbanes-Oxley ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
UDAAP ,
Whistleblowers
On August 3, 2015, the D.C. Circuit Court of Appeals entered an order staying Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s June 4, 2015, order imposing injunctive relief and disgorgement of over $109...more
8/14/2015
/ Administrative Law Judge (ALJ) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Disgorgement ,
Financial Institutions ,
Injunctive Relief ,
Insurance Industry ,
Kickbacks ,
Mortgage Insurance ,
Mortgages ,
Reinsurance ,
RESPA