September 9, 2014
Reiss on FIRREA Penalties
Bloomberg quoted me in S&P Faces Squeeze After $1.3 Billion Countrywide Fine. It opens, Standard & Poor’s (MHFI)’ chances of settling the government’s lawsuit over mortgage-bond ratings for less than $1 billion may have slipped away after Bank of America … Continue reading
September 9, 2014 in Government lawsuits | Permalink | No Comments
August 27, 2014
Reiss on FIRREA Storm
Law360 quoted me in Bold 10th Circ. Opinion Muddies FIRREA Challenges. The article opens, The Tenth Circuit last week gave a strong argument as to why a recent U.S. Supreme Court decision has no bearing on one federal agency’s ability … Continue reading
August 27, 2014 in Government lawsuits | Permalink | No Comments
August 22, 2014
Reiss on $17 Billion BoA Settlement
Law360 quoted me in BofA Deal Shows Pragmatism At Work On Both Sides (behind a paywall). It reads in part, Bank of America Corp.’s $16.65 billion global settlement over its alleged faulty lending practices in the run-up to the financial … Continue reading
August 22, 2014 in Government lawsuits | Permalink | No Comments
August 4, 2014
TARP’s Smallish Rogues Gallery
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 4, 2014 in Government lawsuits | Permalink | No Comments
August 1, 2014
FHFA Wins on “Actual Knowledge”
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
August 1, 2014 in Government lawsuits | Permalink | No Comments
July 30, 2014
Reiss on Big BoA FIRREA Penalty
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 30, 2014 in Government lawsuits | Permalink | No Comments
July 15, 2014
Reiss on Citigroup Settlement
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 15, 2014 in Government lawsuits | Permalink | No Comments
