Law and legal issues

The lender says it's reached an "agreement in principle" to end a consumer class action complaint over its wide-ranging January hack.

The Swiss bank claims that Countrywide is obligated to indemnify it for legal expenses stemming from risky mortgages bundled pre-2008.

The litigation involved more than 100 loans, many insured by the Federal Housing Administration, with volume totaling approximately $55 million.

A court finalized Zillow and Showingtime.com's voluntary dismissal of the case, which has been part of broader litigation over multiple listing service access.

Last year, a New Jersey federal court sided with LoanCare's countersuit awarding it over $22 million in compensatory damages. Freedom was awarded $247,000 in damages.

The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.

The lawsuit's conclusion ends fights by the rivals to depose each other's senior leaders.

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.