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District Court dismisses TCPA action against ride-sharing company, allows plaintiff to correct deficiencies
On January 16, the U.S. District Court for the Southern District of California granted in part and denied in part a ride-sharing company’s motion to dismiss a proposed TCPA class action, holding that the plaintiff sufficiently alleged the company is vicariously liable for the sent text messages but...
InfoBytesFour receive suspended sentences in SFO’s logistics company North Sea case
On January 11, the U.K.’s Serious Fraud Office (SFO) announced that four more individuals were sentenced in connection with a bribery scheme involving a logistics company’s oil exploration project in the North Sea. Three of the individuals—one former agent of an American energy corporation and two...
InfoBytesNYDFS fines mortgage loan servicer for alleged violations of Abandoned Property Relief Act
On January 16, NYDFS announced a $100,000 settlement with a New York state-registered mortgage loan servicer for allegedly failing to register and maintain two properties as required by the state’s Abandoned Property Relief Act. Under the Act, NYDFS can hold banks and mortgage servicers accountable...
InfoBytesActing Director Otting says FHFA structure is unconstitutional, will not defend before 5th Circuit
On January 14, acting Director of the FHFA, Joseph Otting, filed a supplemental brief with the U.S. Court of Appeals for the 5th Circuit stating the agency will no longer defend the constitutionality of the FHFA’s structure in the upcoming en banc rehearing. As previously covered by InfoBytes , in...
InfoBytesFreddie Mac, Fannie Mae issue updated selling guidance addressing government shutdown
On January 16, Freddie Mac and Fannie Mae, in consultation with the FHFA, issued additional temporary guidance on selling policies that may be impacted during the government shutdown. Freddie Mac Bulletin 2019-3 provides revisions to temporary guidance previously announced in Bulletin 2019-1 (see...
InfoBytesOFAC issues temporary extension of Ukraine-related General Licenses
On January 16, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the issuance of Ukraine-related General Licenses (GL) 13J, 14E, and 16E, which modify the expiration dates of previous Ukraine-based general licenses for wind-down transactions for certain companies that...
InfoBytesCFPB asks Congress for clear authority to supervise for MLA compliance
On January 17, the CFPB issued a statement from Bureau Director Kathy Kraninger announcing she has asked Congress to grant the Bureau “clear authority to supervise for compliance with the Military Lending Act (MLA).” The statement expresses Kraninger’s interest in protecting servicemembers and...
InfoBytesNYDFS issues whistleblowing program guidance and best practices
On January 7, NYDFS issued guidance providing principles and best practices that all NYDFS-regulated institutions “regardless of industry, size, or number of employees” should consider when designing and implementing a robust whistleblowing program, which the department considers to be an essential...
InfoBytesDistrict Court certifies class action against lead generator’s payday lending practices
On January 11, the U.S. District Court for the District of Minnesota granted a motion for class certification in a case challenging a company’s payday lending practices under several Minnesota consumer protection statutes and common law. The plaintiffs filed the proposed class action alleging,...
InfoBytesDOJ now says the Wire Act applies to all interstate gambling, not just sports betting
On January 14, the DOJ released an opinion broadening the application of the U.S. Wire Act’s prohibition on interstate gambling, concluding that the act also applies to non-sports-related betting. In a reconsideration of its 2011 opinion, which found the act only prohibited sports gambling, the DOJ...
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