Law and legal issues

The accusations build on those previously outlined in a lawsuit filed by former chief operating officer Tamara Richards in 2021.

The disgruntled worker, among other actions, entered false information into the firm's Optimal Blue platform causing severe economic damages, the lender said.

The agency co-filed an amicus brief in a case involving a "commercial" lien that could have implications on how the Truth in Lending Act might be enforced based on a loan's purpose, rather than classification.

The home lending shop is suing LoanCare for negligence in how it managed loans from 2012 to 2016.

Three creditors filed for Chapter 7 protection on behalf of the embattled lender this month, seeking a combined $1.3 million.

Both the plaintiffs and the bank filed a motion for the federal court to reconsider the settlement, which was reached in mid- 2022, but the judge responded that neither party articulated "sufficient reasoning to meet the high bar."

The Washington-based company claims its ex-workers breached their employment agreements when they departed to the California-based rival and induced colleagues to leave.

The branch, which has close to a dozen employees, hopped from its old employer, Motto Mortgage, to its most recent employer in mid-December, but only stuck around for half a year.

In an amicus brief submitted to the Supreme Court Tuesday, the bicameral group of 132 Republican members of Congress argued that an appeals court was right to rule last year that the Bureau's funding system is unlawful.

The case brought by the Westchester, New York District Attorney alleged the perpetrators stole three properties from distressed owners and unlawfully obtained $1.5 million of fix-and-flip financing.

The proposal would bring companies cited for civil enforcement actions under its scope to bar them from doing business with the government-sponsored enterprises.

Plaintiffs claim executives made a series of misleading statements in spring 2021, as the industry giant began to face headwinds in originations.

Churchill Funding is accusing Easy Financial of reneging on a master purchase agreement both companies signed in 2020.

A challenge to the SEC's use of administrative law judges could have big implications for bank regulators. The FDIC, Fed, OCC and CFPB could be forced to go to federal court in cases that would otherwise be handled in-house.

It's the second lawsuit in the past two months that the New Jersey-based lender has filed against a former branch manager for a six-figure retention bonus.

The company, which is winding down operations, is seeking over $4.6 million from seven industry partners.

Black Americans experienced denial rates of 16.4% in 2022, up from 15.7% the year before, the Federal Financial Institutions Examination Council said last week.

Wells Fargo directed its bilingual team to steer customers away from products with no closing costs toward "predatory lending options" without disclosing the costs, in part by refusing to provide Spanish-language written materials, according to the complaint.

The lender claims its rival enticed workers with all-expenses paid recruiting trips, while another employee alleged a $125,000 signing bonus for workers who switched firms.

In the past few years, plaintiffs have lodged over 65 complaints against real estate companies regarding unsolicited text messages and phone calls.