Debt collectors should be aware that they may need to quickly turn over their financial information in class actions brought under the Federal Debt Collection Practices Act (the “FDCPA”). According to a federal district court in Indiana, […]
On January 1, 2016, the Texas open carry law, House Bill 910 ("HB 910"), goes into effect. The law allows qualified individuals to carry openly displayed, but properly holstered, handguns into public businesses—including banks. This blog […]
This post concludes our summary of the recent Fifth Court of Appeals decision, JP Morgan Chase Bank, N.A. v. Borquez et al., 2015 WL 6690027 at *19 (Tex. App.—Dallas Nov. 3, 2015, no pet. h.), reversing a $4.3 million verdict against Chase […]
This post continues our summary of the recent Fifth Court of Appeals decision, JP Morgan Chase Bank, N.A. v. Borquez et al., 2015 WL 6690027 at *19 (Tex. App.—Dallas Nov. 3, 2015, no pet. h.), reversing a $4.3 million verdict against Chase […]
This three-part series of blog posts focuses on a recent Fifth Court of Appeals decision overturning a $4.3 million verdict against JP Morgan Chase Bank arising from the robbery and murder of an armored car driver at a Chase branch in Dallas. This first […]
Earlier this year, the charter for the Export Import Bank of the United States expired. American companies—including most notably Boeing, but also small businesses with export sales—use Ex-Im guarantees to reduce the cost of selling their […]
The new TILA-RESPA Integrated Disclosures (“TRID”) went into effect on Saturday, October 3, 2015. Since June, the Consumer Financial Protection Bureau (“CFPB”) assured lenders that it would show leniency to those that make a & […]
Late last week, the Federal Trade Commission filed an amicus brief in Davidson v. Capital One Bank (USA), N.A.,[1] a case brought by a consumer complaining of Capital One’s efforts to collect on a defaulted credit card. If adopted, FTC’s […]
The new TILA-RESPA Integrated Disclosures ("TRID") go into effect Saturday, October 3, 2015. Consequently, it is important for lenders to review the new forms and understand the timelines which will govern most consumer lending transactions secured by […]
On August 4, 2015 the Consumer Financial Protection Bureau ("CFPB") issued a compliance bulletin containing warnings on the private mortgage insurance ("PMI") cancellation and termination procedures contained in the Homeowners Protection Act ("HPA"). […]
Under the Fair Debt Collection Practices Act ("FDCPA"), a debt collector can be liable to a debtor for contacting third parties in pursuit of debt unless the communication falls under a statutory exception. One exception permits communication with a […]
Mortgage servicers should take note of a recent decision issued by an Illinois District Court. In ruling on a motion to dismiss filed by a mortgage servicer, the Northern District of Illinois held that a transfer letter notifying a borrower that his […]