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

May 23, 2014

Reiss on State Enforcement of Dodd Frank

By David Reiss

Auto Finance News quoted me in The Mess at Condor Capital Signals Stiffer State Oversight. It opens, Legal action brought by New York State last month against Condor Capital Corp., a Long Island subprime lender accused of bilking customers out … Continue reading

May 20, 2014

Mortgage Servicer Accountability

By David Reiss

Joseph A. Smith, Jr, the Monitor of the National Mortgage Settlement, issued his third set of compliance reports (I blogged about the second here). For those needing a recap, As required by the National Mortgage Settlement (Settlement or NMS), I … Continue reading