Law and legal issues

Plaintiffs accusing the lender of steering them to higher rates cited comments LOs made under oath describing elements of the alleged scheme.

Legal experts say the Supreme Court's decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court's views on independent agencies may be, it views the central bank differently.

The NCUA, as liquidating agent for three failed corporate credit unions, sued in 2018 claiming U.S. Bank failed to perform its role as RMBS trustee.

The court gutted the complaint against the wholesale leader that was filed last year in conjunction with an investigation by a hedge fund-backed newsroom.

In a case mentioned alongside one decided by the U.S. Supreme Court, by 2-1, the judges said they could not overturn a past decision on California's escrow law.

A group of homeowners filed a class action lawsuit against the largest homebuilding company in the United States, seeking all money lost.

The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.

In a complaint filed in Virginia federal court, the FTC said the partnership would reduce the number of websites offering apartment listings, leaving consumers with fewer places to search.

A South Carolina resident said she received multiple calls from Freedom loan officers this summer despite registering her number on the do-not-call-registry.

The retail giant, in asking a court to dismiss the case, said its deal with a North Carolina brokerage was within the law's carve-out for such agreements.

The Consumer Financial Protection Bureau's union is appealing an appellate panel's ruling that allows acting CFPB Director Russell Vought to fire 90% of the bureau's staff.

Legal experts say the outcome of Slaughter v. Trump, which considers Trump's termination of a Federal Trade Commission member, could have profound implications for Federal Reserve Governor Lisa Cook's litigation, which in turn could determine the future autonomy of the central bank.

Class action lawsuits accuse the lender and servicer of negligence over the incident which compromised the sensitive data of tens of thousands of customers.

Connecticut banking officials cited a series of alleged violations, including false and misleading statements and failure to maintain complete loan files.

Seven filings were submitted in response to President Donald Trump's request for the Supreme Court to remove barriers from ousting Federal Reserve Gov. Lisa Cook before litigation proceeds. Most filings argued for the Court to deny the president's application.

OCMBC launched its new wholesale lender, GIANT Lending, amid a poaching controversy with the naming rights to its old DBA, Jet Advantage.

The real estate agent's guilty plea is the first under the law passed last summer, following thousands of deed theft complaints in the past ten years alone.

The lender is seeking to dismiss the lawsuit, calling the purported scheme to also deprive its loan officers of full compensation implausible.

The Supreme Court will hear a case in December that could overturn a longstanding precedent bolstering regulatory independence. Should the court strike down that precedent, it could have major implications for the independence of the Federal Reserve.

A federal judge last month disagreed with the servicer's customers that a $25 expedited payoff-quote statement fee violated consumer debt laws.