Calyx Software, San Jose, Calif., has decided to drop its request for an injunction against Ellie Mae, Dublin, Calif.Calyx has sued Ellie Mae, alleging that the company committed copyright infringement by copying the look and feel of its Point product with the release of Encompass. To ensure that Ellie Mae doesn't sell Encompass until the case is decided, Calyx petitioned the court for an injunction. Calyx now says it was unable to get a proper discovery period and has therefore dropped the request until discovery can be conducted, at which time it reserves the right to reinstate the request. On the other side, Ellie Mae chief executive Sig Anderman called the entire request "frivolous." Mr. Anderman maintained that Calyx withdrew its request because Ellie Mae was going to ask the court to impose sanctions on Calyx should the court decide in Ellie Mae's favor. The first hearing in the copyright infringement case is scheduled for late this month.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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