July 2, 2014
Running CERCLA around FIRREA
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
July 2, 2014 in Government lawsuits | Permalink | No Comments
June 18, 2014
S&P Must Face The Orchestra on Rating Failure
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 18, 2014 in Government lawsuits | Permalink | No Comments
June 11, 2014
Reiss on GSE Transfer Taxes
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
June 11, 2014 in Government lawsuits | Permalink | No Comments
May 23, 2014
Reiss on State Enforcement of Dodd Frank
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 23, 2014 in Government lawsuits | Permalink | No Comments
May 20, 2014
Mortgage Servicer Accountability
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
May 20, 2014 in Government lawsuits | Permalink | No Comments
May 19, 2014
Foreclosure Review
The US Government Accountability Office issued a report, Foreclosure Review: Regulators Could Strengthen Oversight and Improve Transparency of the Process. GAO did this study because it was asked to examine the amended consent order process relating to foreclosures. This process … Continue reading
May 19, 2014 in Government lawsuits | Permalink | No Comments
April 28, 2014
Premature End to Foreclosure Review
Congressman Cummings (D), the ranking minority member of the House Committee on Oversight and Government Reform, has sent a letter to Congressman Issa, the Chairman of the Committee, regarding the Independent Foreclosure Review. It opens, I am writing to request … Continue reading
April 28, 2014 in Government lawsuits | Permalink | No Comments
