A California class action against PHH Corp. and Realogy alleging an elaborate kickback scheme to funnel referrals to subsidiaries in violation of the Real Estate Settlement Procedures Act has settled for $17 million. The settlement does not include an admission of...
A federal magistrate judge in the Eastern District of Virginia dismissed a lawsuit this month against Plain Green, LLC, a tribal lending entity (TLE) wholly owned and operated by the Chippewa Cree Tribe of Rocky Boy Reservation, on the grounds that the tribe’s...
States license more than 1,100 occupations in America, including professions as diverse as boxing in Nevada, hearing aid sales in Michigan, and talent agents in Connecticut. For small dollar lending, some states, like Washington, require a consumer loan license to...
On August 24th the Consumer Financial Protection Bureau (CFPB) published its semiannual regulatory agenda. The agenda covers a period from May 1, 2017 to April 30, 2018. The purpose of the agenda is to provide notification to the public of the various regulatory...
Sarcinella, who was most recently at Department of Defense, is NAFSA’s new COO and General Counsel WASHINGTON, DC – Joe Sarcinella has joined the Native American Financial Services Association (NAFSA) as its Chief Operations Officer and General Counsel. Mr. Sarcinella...
In a letter this week to the Consumer Financial Protection Bureau (CFPB), the American Bankers Association (ABA) criticized the consumer agency for relying on outdated and insufficient data in formulating the CFPB’s new overdraft disclosure forms. The ABA wrote, “the...
