Offit | Kurman
Ari Karen, an attorney at Offit Kurman, has counseled several mortgage banks and financial services firms on the development and implementation of policies and procedures related to allowing institutions to remain compliant with wage hour laws. He counsels clients in proactive and practical means of compliance with technical wage-hour laws and other labor and employment regulations. His litigation expertise includes unfair competition, fiduciary breach, partnership disputes, worker misclassification and minimum wage and overtime claims in all state and federal trial and appellate courts. He has spoken at several industry conferences.
Recent Stories From this Author
The Emerging Non QM Problem
November 24, 2014 In some cases lenders are using “safeguards” against for loans made outside the legal safe harbor for "qualified mortgages"...
Consent Order Bears Out Risk of Skirting LO Comp Rules
November 17, 2014 A fine levied against a relatively small lender shows that capitulating to the demands of staff on matters of lawful loan...
Is Disparate Impact Out?
November 10, 2014 Lenders cannot afford to relax when it comes to performing regression analysis and fair lending training, but may find if they...
Cures for Cap Violations
November 3, 2014 Although this is a benefit to lenders who make a mistake in calculating points and fees, it does not address problems...
CFPB Enforcement May Just be the Start of Concerns
October 27, 2014 A lender which paid millions in connection with a Consumer Financial Protection Bureau consent decree has been sued civilly in...
A Closer Look at MSA Exclusivity Concerns
October 20, 2014 Exclusivity provisions in marketing services agreements are not per se illegal, but their inherent anti-competitive nature and...
UDAP Risk Surfaces Again, Adds CFPB Insight
October 14, 2014 To avoid claims of unfair or deceptive acts or practices it is incumbent upon lenders to adopt practices that are unlikely to...
Marketing Services Agreements Are Still a Target
October 6, 2014 The lesson in a recent consent order is clear — an MSA cannot shield or rehabilitate an otherwise impermissible arrangement.
Financial Institutions Will Pay If They Fail to Supervise Third Parties
September 29, 2014 This shows that the Consumer Financial Protection Bureau will hold a company responsible for the actions of a third party,...
More Whistleblower Cases against Lenders Ahead?
September 22, 2014 The U.S. Attorney General seeks to lift a cap on whistleblower incentives that encourage a practice increasingly used in...
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