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"CFPB order offers insight into pandemic mortgage servicing" by Jeffrey P. Naimon and H Joshua Kotin (Law360)
The U.S. Consumer Financial Protection Bureau in December issued a consent order based on alleged violations of its 2014 mortgage servicing regulations. The consent order, which also bootstraps claims of unfairness and deception to alleged technical violations of the servicing regulations —...
ArticlesDaniel R. Alonso extensively quoted in The Telegraph article, “Donald Trump faces avalanche of legal cases as he becomes private citizen”
The Telegraph article “Donald Trump faces avalanche of legal cases as he becomes private citizen,” took a look at the many different suits — from potential tax fraud to debt repayment — that Trump is facing and if there is enough evidence to support these cases. Daniel R. Alonso commented...
In The NewsDaniel R. Alonso quoted in Reuters article, “With no self-pardon in hand, private citizen Trump faces uncertain legal future”
In the Reuters article, “With no self-pardon in hand, private citizen Trump faces uncertain legal future,” Daniel R. Alonso explored the question of whether Trump could have pardoned himself and others in secret? “ It’s possible. Pardons are usually made public. But the Constitution does not...
In The NewsCFPB files action against mortgage lender for unlawful practices
On January 15, the CFPB announced a complaint filed in the U.S. District Court for the District of Connecticut against a mortgage lender and four executives (collectively, “defendants”) alleging the defendants engaged in unlawful mortgage lending practices in violation of TILA, FCRA, ECOA, the...
InfoBytesOFAC issues new general license and related FAQs involving Chinese military companies
On January 14, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License (GL) 2, “Authorizing Securities Exchanges Operated by U.S. Persons to Engage in Transactions Involving Securities of Communist Chinese Military Companies.” This license permits transactions...
InfoBytesSEC issues nearly $600,000 whistleblower award
On January 14, the SEC announced a whistleblower award of nearly $600,000 in connection with a successful enforcement action. According to the redacted order , the whistleblower provided new, highly valuable information during the course of the investigation, as well as substantial assistance,...
InfoBytesOFAC issues Hong Kong-related sanctions regulations, updates SDN List
On January 15, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued regulations implementing Executive Order (E.O.) 13936 issued last July. As previously covered by InfoBytes , E.O. 13936, among other things, targets and authorizes the imposition of sanctions on persons who...
InfoBytesIndonesian company settles with OFAC for $1 million for North Korea sanctions violations, enters into deferred prosecution agreement with DOJ
On January 14, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced a more than $1 million settlement with an Indonesian-based paper products manufacturer for 28 apparent violations of the North Korea Sanction Regulations. According to OFAC’s web notice , between 2016...
InfoBytesCourt dismisses data breach claims citing lack of compromised sensitive information
On January 12, the U.S. District Court for the Central District of California dismissed a data breach lawsuit brought against a hotel chain, ruling the plaintiff lacked standing. The plaintiff claimed class members were victims of a data breach when hotel employees at a franchise in Russia...
InfoBytesCFPB issues debt collection small entity compliance guide
On January 15, the CFPB issued a small entity compliance guide summarizing the Bureau’s debt collection rule. As previously covered by InfoBytes , the Bureau issued a final rule last October amending Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA), to address debt...
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