Courts

Coming Up:
Ally Bank Faces Class Action Lawsuit Over Data Breach

The class members claim Ally Financial was negligent in safeguarding consumers' personal information

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NewDay USA Ordered To Pay $2.25 Million Fine

CFPB penalizes lender for allegedly misleading VA borrowers

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CFPB Takes Action Against Fay Servicing For Unlawful Foreclosures, Violating Court Order

The order mandates a $5 million payment in redress and penalties, imposes compensation limits on CEO Edward Fay

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Big Money, Big Changes

It’s the end of ‘Business as usual’ for real estate agents as they know it. Loan officers can aid in the transition.

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Regulation and Compliance
loanDepot Dismisses Movement Mortgage Poaching Case

A lawsuit filed by loanDepot in 2023 accused Movement Mortgage of illegally luring away 25 employees over a three-month period in 2021.

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U.S. Senate Committee Approves Full Funding For Ginnie Mae

The Community Home Lenders of America (CHLA) released a statement lauding the approval.

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HUD Charges Rocket Mortgage, Appraisers Of Race Discrimination

HUD announced its charge of multiple entities on Monday, citing a biased appraisal and a denied refinance loan application in Denver.

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Diversity & Inclusion
CFPB Scores Statutory Victory In Townstone Redlining Case

Seventh Circuit affirmed CFPB's authority to discourage discrimination against prospective applicants

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Regulation and Compliance
Supreme Court Overturns Chevron Deference, Shaking Up Regulatory Landscape

The 40-year-old decision has been the basis for upholding thousands of regulations by dozens of federal agencies.

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NEXA Ex-President Files Motion To Dismiss Lawsuit, Kortas Responds

Ex-President and Co-Founder Mat Grella files a motion to dismiss NEXA's countersuit

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