Law and legal issues

Former employees impacted by layoffs claim the Illinois-based lender did not give them a 60-day notice as required by the WARN Act.

The Ohio-based bank concentrated most of its lending branches in majority-white neighborhoods and did nothing to compensate for its lack of physical presence, the DOJ claims.

Consumer Financial Protection Bureau Director Rohit Chopra says the bureau is continuing with its enforcement agenda and that financial firms face risks from the Supreme Court case.

The war of words between the industry giants in federal court continues as the parties debate an injunction against CrossCountry Mortgage.

The Consumer Financial Protection Bureau has asked the high court to overrule a lower-court decision that threatens its funding structure. The justices didn't accept the case on Tuesday, but experts say it could still make the cut in the coming week.

The lender paid workers in commissions, and failed to provide a minimum wage over pay periods in which no loans were originated, counsel alleges.

The company had asked that the case be dismissed given its similarity to previously settled claims. It's weighing an appeal.

Things turned sour soon after the sides agreed to a two-year, $6 million deal in late 2021, in which the mortgage company's logo would appear on a stock car during eight races, among other perks.

Michael Strauss and his previous lending company still face four federal lawsuits from creditors and laid off workers seeking backpay.

Real estate players were under fire last month for unsolicited calls, including Keller Williams which agreed to pay a $40 million settlement over alleged violations.