District Court addresses plain meaning of “pattern or practice of noncompliance” under RESPA
The court found that the statute does not require identical violations from the same subsection of RESPA to state a “pattern or practice” claim.
The court found that the statute does not require identical violations from the same subsection of RESPA to state a “pattern or practice” claim.
The court ordered the defendants to pay approximately $16 million in restitution and $3 million in civil penalties.
The Federal Reserve issued an evaluation report concluding that the bank failed due to the alleged fraudulent activity by its CEO.
FINRA claimed that the Florida-based company did not adequately equip its analysts to review and address trading alerts related to suspicious activities by customers
The study evaluated different households’ use of buy now pay later products and revealed distinct patterns between the financially fragile and the financially stable.
New York State AG Letitia James announced the judgment against three merchant cash advance companies for usury and fraud based on allegations the lenders used short-term loans to charge illegally high-interest and undisclosed fees.
The proposed rule defines key terms in the DCLA and requires debt collector licensees to file an annual report with the DFPI.
Learn more about this topic and others in the NMLS Resource Center.