Enforcement

If the Consumer Financial Protection Bureau provides lenders with a hold harmless period, it must also include protections to keep lenders from facing future lawsuits related to TILA-RESPA Integrated Disclosures compliance.

The Federal Reserve Board has approved the merger of M&T Bank and Hudson City Bancorp after more than three years of delay. The approval came on the day the regulator had set as a deadline to announce its verdict on the deal.

U.S. Attorney General Benjamin B. Wagner announced Thursday the arrest of three leaders of Shon-Te-East-A, an organization that eliminates practitioners' spiritually cumbersome mortgage debt.

Benjamin Solomon, Deutsche Bank AG's former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.

The Securities and Exchange Commission has settled with Thomas Lund, the former head of Fannie Mae's single-family lending unit, for $10,000, according to news reports.

A former court clerk in Illinois has been indicted for accepting a cash bribe, in exchange for creating a forged deed on a home.

Lenders and vendors found no bad surprises in the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure exam guidance, but it didn't clarify much industry confusion either.

Ocwen Financial said it expects to report a loss in its current fiscal year, as it continues to cut costs amid an investigation of its practices.

License numbers for loan officers, real estate agents and settlement agents will be required on one of the new TILA-RESPA integrated disclosure forms, raising questions about whether they could trigger investigations of possible illegal marketing services agreements.

American International Group won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors about its exposure to subprime mortgages.