Posts tagged with: "general"
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20 Dec 2009, 7:27 pm
In July, we noted that while other broken Eastern cities that tried to blame their economic decline on the nefarious mortgage lending practices of banks with deep pockets were being handed their heads by judges who followed both the law's letter and its intent (as opposed to using a lawsuit as an excuse to make economic and social policy), the City of Baltimore was "hanging in there," albeit by the skin of its teeth. An interested reader sent word recently that that skin appears to be sloughing… [read post]
16 May 2013, 11:01 am
Normally, I publish about once a week because my posts about legal research are pretty potent stuff. Today, however, I saw an article in the Los Angeles Daily Journal that talked about Ciolino v. Hewlett-Packard Co, 2013 DJDAR 6149, which was a case just handed down by the 9th Circuit Court of Appeals. In Ciolino, the court stated that when a settlement in class action cases provided for coupon relief (meaning, instead of collecting cash, the prevailing party is giving coupons… [read post]
9 May 2012, 7:38 pm
Wells Fargo just can't catch a break. Not only has the US Department of Justice told the bank that it might file a fair lending action against it for its allegedly discriminatory practices with respect to maintenance of REO, but the morons at MoveOn.org have decided to stage a public protest against Wells Fargo solely because they can't find Bank of America to kick around.
As for the DOJ claims, they appear to be based upon consumer advocates' claims that the bank takes better care of… [read post]
16 Mar 2011, 12:47 pm
By: Elizabeth Litten and Michael Kline
This blog series has been following the continuing flow of large security breaches of Protected Health Information (“PHI”) and how affected providers and insurers have been responding to their discovery. As reported in a recent posting, prior to yesterday, the New York City Health and Hospitals Corporation’s North Bronx Healthcare Network was perhaps the largest marcher in the parade of large PHI security breaches with a reported 1,700,000 persons… [read post]
2 Apr 2012, 7:50 pm
Bank of America's announcement the week before last that it was "experimenting" with an alternative to traditional foreclosure, that being taking a deed in lieu of foreclosure and renting the house back to the borrower, was greeted in some quarters as a bold new "pilot program." While that might be true for Bank of America, Fannie Mae rolled out a similar program three years ago and it has never generated much interest among homeowners. According to Fortune's Nin-Hai Tseng, that might be because… [read post]
19 Jan 2011, 7:38 pm
And thus Bureaucracy, the giant power wielded by pygmies, came into the world.---Honore de Balzac
And we've been paying the price ever since.
Today, in a speech to the Mortgage Bankers Association summit on loan servicing, Sheila Bair, obviously auditioning for her post-July job as the head of a consumer advocacy group (or keeping Liz Warren's seat warm at Harvard), called for the creation of a BP-like "foreclosure claims commission" to award compensation to the billions (no, make that… [read post]
10 Jan 2010, 7:28 pm
A few weeks ago, we discussed doubts raised by federal district court judge J. Frederick Motz about the viability of a lawsuit filed by the City of Baltimore against Wells Fargo, that alleged that Wells Fargo's predatory and discriminatory lending practices ("reverse redlining") are the root cause of the nuclear winter wasteland that Baltimore's inner city has become. Last week, Judge Motz ended those doubts by dismissing the lawsuit. He also had some harsh words for the plaintiff about the "real… [read post]
6 Feb 2012, 11:28 am
INTERPOL on February 2, 2012 released the following:
“LYON, France – The final meeting of the INTERPOL Group of Experts on Corruption (IGEC) saw members formally recognized for their contribution by INTERPOL’s Secretary General Ronald K. Noble at a ceremony at its General Secretariat headquarters.
Key among the achievements of the IGEC since its creation in 1999 are the production of the Global Standards to Combat Corruption in Police Forces/Services and the Library of Best Practices,… [read post]
10 Jan 2011, 7:42 pm
Consumer lawyer Abigal Field had a field day today with the responses of the nation's six largest residential mortgage servicers to a New Jersey state court judge's order that the banks either convince the court that they knew their hind quarters from their elbows about following New Jersey foreclosure procedures or he'd shut their foreclosures down and appoint a special master to review their past foreclosure practices. The "show cause" hearing is scheduled for the 19th of this month, and the big… [read post]
30 Jan 2011, 7:34 pm
Last week, the Treasury Department issued a press release that announced the appointment of the General Counsel for the Consumer Financial Protection Bureau and the GC's Deputies. All members of the group graduated from top law schools (where, I'm sure, they excelled academically) and all seem to have experience somewhere in the federal regulatory bureaucracy at some point in their careers. Finally, all of the Deputies have the word "litigation" sprinkled throughout their job… [read post]
6 Mar 2012, 1:03 pm
INTERPOL on March 2, 2012 released the following:
“LYON, France – INTERPOL Secretary General Ronald K. Noble has welcomed FIFA’s appointment of Ralf Mutschke as Director of the FIFA Security Division as a positive step in global efforts against match-fixing as well as illegal and irregular betting in football.
“FIFA’s decision to appoint Ralf Mutschke to head its Security Division should be applauded. With 33 years’ experience, both national and international, at one of the finest police… [read post]
15 May 2013, 7:43 pm
Last week, an article by Andy Peters in the American Banker hit a nerve. It profiled a California bank that had tried to make small dollar loans work as an alternative to payday lending, but had decided to give up the effort.
One PacificCoast Bank in Oakland, Calif., is regrouping as it looks to battle payday lenders in the San Francisco Bay area.
The
$282 million-asset thrift recently pulled the plug on its One Pac Pal
loan, which it tailored to offer low-income clients short-term credit at
… [read post]
15 Nov 2009, 7:42 pm
Last week, the American Banker featured a story by Maria Aspan (paid subscription required) that looked at Wal-Mart's business of providing consumer financial services to its customers, two years after it finally gave up its quest to get the FDIC to move forward (as the law required it to do) on its application for approval of insurance of accounts for an industrial bank charter and withdrew the application. According to Aspan and expert observers she interviewed for the story, Wal-Mart has not… [read post]
20 Mar 2013, 7:46 pm
Community banks have been concerned that, although they might be exempt from direct supervision and enforcement by the CFPB, they would be recipients of a "trickle down" effect that would result when their primary federal bank regulator would attempt to demonstrate that it could stay abreast, or even ahead, of the CFPB when it comes to cracking down on unfair, deceptive, and "abusive" practices. Fraud, small banks understand, but they tend to fear zealots who may not be able to define an "abusive"… [read post]
18 Jul 2011, 5:56 am
As reported previously on this blog series, the requirements under HIPAA/HITECH statutes and regulations for public disclosure of security breaches of Protected Health Information (“PHI”) have been bringing to light new breaches of PHI security and direct intervention by attorneys general with respect to such breaches.
An earlier posting on December 13, 2010 (the “2010 Posting”) reported that, on October 29, 2010, the Indiana Attorney General's office announced in a press release (the… [read post]
30 Oct 2011, 7:22 pm
Last Wednesday, I was on a panel with Joseph Lynyak of Pillsbury Winsthrop Shaw Pittman LLP and Dr. Marsha Courchane of Charles River Associates, at the biennial conference of the Harland Financial Solutions Network of State & Federal Counsel. The topic of the panel's discussion was "Putting It All Together: A Forward Looking Discussion." Dr. Courchane gave us some distressing statistics concerning community banks, including (1) the top five banks' share of total industry assets has leapt from… [read post]
2 Nov 2012, 9:59 am
INTERPOL on November 1, 2012 released the following:
“ROME, Italy – INTERPOL’s General Assembly will bring together Justice, Home Affairs and Security Ministers from some 110 countries for the largest ever such gathering, which will focus on criminal violence issues ranging from human trafficking to terrorist activities.
The Ministerial meeting, which marks the beginning of the four-day (5 – 8 November) conference in Rome, Italy with the theme ‘Challenges for Police Facing Contemporary… [read post]
28 Nov 2009, 10:29 am
Some cases settle relatively quickly, while some take years to settle. Oftentimes, there is no settlement at all after years of litigation and the case must be decided in court by either a judge or jury. The bottom line: there is no way to predict how long your case will take to resolve, assuming it even does resolve.
Here is a great article on why, and how, there are so many delays with personal injury cases, from the National Association of Personal Injury Lawyers wesbite:
"In this… [read post]
25 Apr 2012, 8:23 am
INTERPOL on April 24, 2012 released the following:
“BUDVA, Montenegro – Addressing the Southeast Europe Police Chiefs INTERPOL Secretary General Ronald K. Noble said that their example of dedication and resolve to work together was an example of what can be achieved in combating regional transnational crime.
Speaking at the joint International Association of Chiefs of Police (IACP)/Southeast Europe Police Chiefs Association (SEPCA) Cyber Crime Conference and SEPCA General Assembly, the head of… [read post]
13 Jan 2012, 9:54 am
INTERPOL on January 13, 2012 released the following:
“LYON, France – Enhancing international cooperation against transnational organized crime was the focus of a meeting today between Romania’s Inspector General of Police, Liviu Popa, INTERPOL Secretary General Ronald K. Noble, at the world police body’s General Secretariat headquarters.
Law enforcement initiatives against cross-border crimes such as human trafficking, illegal immigration, drug trafficking and financial fraud, as well as… [read post]