Law and legal issues

The new law, which went into effect on July 19, also has provisions that deal with heirs property, an issue that clouds ownership.

With the landmark Supreme Court decision overturning Chevron USA v. National Resources Defense Council, much of the rule making by the Federal Reserve Board, the SEC, HUD and other agencies is now open to attack, writes the Chairman of Whalen Global Advisors.

It has become the 29th state to bar NTRAP contracts, with Illinois' legislation on it pending the governor's signature, according to American Land Title Association data.

Rocket Mortgage relied on a biased appraisal when it denied a borrower's refinance application in Denver three years ago, the housing agency claims.

The National Association of Realtors was looking to reverse the April decision from the D.C. Circuit Court of Appeals that allowed the Justice Department to reopen its probe into the group.

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.

The appeals court battle is unrelated to the association's settlement regarding buyers' brokers commissions, scheduled for final approval in November.

The high court will determine how much deference judges should give to regulators in interpreting laws passed by Congress. The upcoming ruling has especially big implications for the Consumer Financial Protection Bureau, which has drawn the banking industry's ire.

A probe by the Chicago Tribune alleges sexual harassment and verbal abuse at the workplace.

CCM allegedly discouraged employees from reporting that they worked overtime, a suit claims.

The HUD agency contends that the bank's agreements involving certain reverse-mortgage assets call for the closely watched case to be filed there.