August 4, 2014

TARP’s Smallish Rogues Gallery

By David Reiss

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) issued its Quarterly Report to Congress on July 30, 2014. There is a lot to digest in this 500+ page document, but I thought that readers … Continue reading

August 1, 2014

FHFA Wins on “Actual Knowledge”

By David Reiss

Judge Cote issued an Opinion and Order in Federal Housing Finance Agency v. HSBC North America Holdings Inc., et al. (11-cv-06189 July 25, 2014). The opinion and order granted the FHFA’s motion for partial summary judgment concerning whether Fannie and … Continue reading

July 30, 2014

Reiss on Big BoA FIRREA Penalty

By David Reiss

Bloomberg BNA quoted me in FIRREA-Fueled Penalty Against BofA Signals More Risk for Large Institutions (behind a paywall). It reads in part, A federal judge in New York ordered Bank of America to pay $1.26 billion in civil penalties to … Continue reading

July 15, 2014

Reiss on Citigroup Settlement

By David Reiss

Law360 quoted me in Feds Deploy Potent Bank Fraud Law In $7B Citi Pact (behind a paywall). It reads in part: The U.S. Department of Justice’s $7 billion mortgage bond settlement with Citigroup Inc. on Monday may not have been … Continue reading

July 2, 2014

Running CERCLA around FIRREA

By David Reiss

Law360 quoted me in High Court Environmental Ruling Could Clear Air For Banks (behind a paywall). The article reads in part, A recent U.S. Supreme Court ruling that a federal environmental law does not preempt state statutes of repose has … Continue reading

June 18, 2014

S&P Must Face The Orchestra on Rating Failure

By David Reiss

After many state Attorneys General brought suit against S&P over the objectivity of their ratings, S&P sought to consolidate the cases in federal court. Judge Furman (SDNY) has issued an Opinion and Order in In Re:  Standard & Poor’s Rating … Continue reading

June 11, 2014

Reiss on GSE Transfer Taxes

By David Reiss

Law360 quoted me in Fannie, Freddie Look Unstoppable In Transfer Tax Fight (behind a paywall).  It reads in part, Class actions against Fannie Mae and Freddie Mac over hundreds of millions of dollars in unpaid transfer taxes in states and cities around the … Continue reading