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The OCC’s authority over large banks is one of the most significant aspects of the agency’s powers. [read post]
24 Mar 2017, 6:46 am
Posted by Michael Held, Federal Reserve Bank of New York, on Thursday, March 23, 2017 Tags: Accountability, Banks, Compliance & ethics, Corporate culture, Disclosure, Financial institutions, Financial regulation, Inside counsel, Oversight, Whistleblowers The “Corporate Governance Misalignment” Problem Posted by David J. [read post]
7 Mar 2017, 4:28 pm by Kevin LaCroix
The Federal Housing Finance Agency (FHFA) recovered nearly $19 billion in connection with the sale of mortgage-backed securities, and the National Credit Union Administration (NCUA) recovered more than $4 billion for creditors of failed financial institutions. [read post]
6 Mar 2017, 2:12 pm by Editorial Board
On March 1, 2017, DBRS issued a report entitled: Rating CLOs and CDOs of Large Corporate Credit. [read post]
3 Mar 2017, 7:01 am by Jason M. Cover
”  In particular, it asked Secretary Mnuchin to address CFPB actions that are especially burdensome on credit unions, such as those related to: (i) unfair, deceptive or abusive acts or practices, (ii) debt collection, (iii) qualified mortgages, (iv) mortgage servicing; (v) consumer complaints, (vi) Home Mortgage Disclosure Act requirements, (vii) overdraft programs, (viii) payday lending rules, (ix) arbitration and (x) small entity… [read post]
26 Feb 2017, 4:09 pm by INFORRM
Veritas Investment Research Corporation, 2017 ONCA 85  allowing an appeal against the striking out of an allegation that a defamatory report was distributed to unknown third parties. [read post]
21 Feb 2017, 1:58 pm by Jonathan H. Adler
That downturn pushed two central players in the United States’ housing mortgage market—the Federal National Mortgage Association (“Fannie Mae” or “Fannie”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “Freddie”) — to the brink of collapse. [read post]
As we previously reported, in 2014 an Administrative Law Judge (ALJ) found that PHH Corporation (PHH) violated the Real Estate Settlement Procedures Act (RESPA) by accepting kickbacks from mortgage insurers. [read post]
19 Feb 2017, 4:02 pm by INFORRM
Surveillance and Information Gathering Germany’s Federal Network Agency, or Bundesnetzagentur, has banned Genesis Toys’ Cayla doll as an illegal surveillance device. [read post]
16 Feb 2017, 3:05 pm by David Jensen
They were the subject of an item on the The Stem Cellar, the blog of California's $3 billion stem cell agency,Kevin McCormack, communications director for the Oakland-based agency, wrote the piece, which was headlined "TV's Dr. [read post]
10 Feb 2017, 5:54 am
Schwarcz, Duke University School of Law, on Tuesday, February 7, 2017 Tags: Asset-backed securities, Banks, Behavioral finance, Due diligence, Financial crisis, Financial regulation, Information environment, Liquidity, Market reaction, Mortgage lending, Risk, Risk management, Subprime securities, Systemic risk Snap, Inc. [read post]
6 Feb 2017, 9:30 pm by Alex Walsh
” Although robo-signing and other bad practices in the mortgage industry might have contributed the CFPB’s creation, the agency has also monitored robo-signing within other arenas, including the payday lending and credit card debt collection industries. [read post]
27 Jan 2017, 6:08 am
Posted by HLS Forum on Corporate Governance and Financial Regulation, on Friday, January 27, 2017 Editor's Note: This roundup contains a collection of the posts published on the Forum during the week of January 20, 2016–January 26, 2017. [read post]
23 Jan 2017, 2:43 pm by Aaron Rubin
 Department of Justice and 21 states in connection with the ratings agency’s credit rating work on residential mortgage‑backed securities and other products during the years leading up to the financial crisis. [read post]
19 Jan 2017, 4:44 am by Edith Roberts
Cendant Mortgage Corporation, holding unanimously, in an opinion by Justice Sonia Sotomayor, that Fannie Mae’s charter does not create federal jurisdiction in all cases to which the federal entity is a party. [read post]
6 Jan 2017, 7:12 pm
They could take away the basic funds it needs to do its job, or threaten to do so in order to intimidate the agency out of taking actions to curb abuses by powerful companies. [read post]
19 Dec 2016, 2:55 pm by Elizabeth J. Elias
On December 12, 2016, DBRS released its preferred share and hybrid security criteria for corporate issuers. [read post]