Law and legal issues

As part of the three-year agreement, the group will fund a $1.22 million scholarship fund to recruit minorities into the appraisal profession.

Loandepot claims Melio's logo is too similar in style and sound to its real estate services platform Mello logo, in a recently filed complaint.

Of the settlement amount, $1.5 million will be doled out to the lead counsel, documents show.

The motion calls upon the judge to rule quickly on an Administrative Procedures Act claim involving a bank's right to reverse mortgage collateral.

The high court's much-anticipated ruling gives federal courts — rather than executive agencies — the power to interpret ambiguous statutes. The decision is expected to facilitate an increase in litigation over banking regulations.

A landmark ruling by the Supreme Court's conservative majority means that defendants will have the right to a jury trial in cases where bank regulators are seeking civil penalties. The consequences for federal banking agencies are expected to be substantial.

Banks and financial institutions face a barrage of lawsuits from consumers alleging they failed to investigate inaccurate information on a credit report. Industry blames the uptick in litigation on social media sites and the proliferation of credit repair companies.

The wholesale lender called the claims in the Hunterbrook-related class action "meritless" and an attempt to smear its reputation, in a recently filed motion to dismiss it.

The Department of Justice filed an amicus brief in a case that also involves the National Association of Realtors and its rules around multiple listing services.

The nation's leading brokerages have agreed to rule changes and settlements with consumers totalling over $900 million.