Bank of America is seeking to overturn bankruptcy rulings that released two Florida homeowners from paying back second mortgages that were completely underwater.
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Newrez faces $4.2M penalty for servicing violations
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
Supreme Court won’t hear mortgage firm’s appeal in CFPB case
The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty.
Hallmark Home Mortgage accused in Ponzi scheme lawsuit
A Florida man's racketeering class action case accuses two mortgage employees of conspiring with a homebuilder to facilitate fraudulent construction draws.
Supreme Court to hear Fed Gov. Cook case in 2026
The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.
NY AG sues Zelle for fraud after CFPB dropped similar suit
New York Attorney General Letitia James alleges that Zelle's parent company, Early Warning Services, failed to adopt basic safeguards to combat fraud. The Consumer Financial Protection Bureau dismissed a similar lawsuit in March without an explanation.
