News Topic: litigation
Search Results
Appeals court upholds $107M judgment against PNC in trustee case
CFPB shelves plan to extend debt collection compliance deadline
Appeals court throws out $59 million penalty in CFPB mortgage case
Debt-relief firm agrees to pay $5.4M in restitution to consumers: CFPB
Court decision muddies debt collector communications
Sterling Bancorp is moving past its mortgage woes
Illinois credit unions welcome lower deposit insurance fees
CFPB appeals Ocwen's victory in servicing suit
Eagle Bancorp to settle another shareholder lawsuit
First United in Maryland buys out activist investor
New indictments issued in case of failed Chicago bank
Four former employees and several clients of Washington Federal Bank for Savings face charges of falsifying records to conceal the embezzlement of $31 million prior to the bank's December 2017 collapse. ... Read full article
Eagle Bancorp resolves corporate governance dispute with investors
The Maryland company agreed to improve its risk and compliance controls, estimating that it will cost $2 million to make changes. ... Read full article
Saga over regulating debt collectors will continue in 2021
The CFPB issued two rulemakings in 2020 that the financial services industry and consumer advocates hoped would finally clarify key issues over how collectors contact debtors and deal with legacy debts. But both sides want the incoming Biden administration ... Read full article
Stimulus law may put disputes over PPP agent fees to rest for banks
The new legislation includes a provision sparing lenders from having to pay such fees on Paycheck Protection Program loans, except in cases where they agree in advance with borrower representatives to do so. ... Read full article
Accounting firm settles FDIC claims tied to Chicago bank's failure
Bansley & Kiener, without admitting wrongdoing, agreed to pay $2.5 million to address allegations that lax oversight contributed to the 2017 collapse of Washington Federal Bank for Savings. ... Read full article
GOP readies counterpunch if Biden removes CFPB chief
The president-elect has legal backing to fire Director Kathy Kraninger thanks to a recent court ruling, but Republicans are prepared to challenge his ability to choose her successor. ... Read full article
Park National gets $20 million after resolving issue from 2007 acquisition
The Ohio company will benefit after settling unpaid judgments tied to nonperforming loans at a bank it bought before the last financial crisis. ... Read full article
What debt collectors can and can't do under CFPB rule
The agency’s final rule modernizing the Fair Debt Collection Practice Act limits calls to seven per week, but collectors won stronger protections from liability claims and other key changes to the original proposal. ... Read full article
Heartland reworks AIM Bancshares deal to reflect Fed concerns
The Iowa company said it will pursue a two-step acquisition to address unspecified issues raised by the Federal Reserve as part of its review of the acquisition. ... Read full article