United States: Charges, Mortgages, Indemnities

Establishes a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with mortgage instruments and to recommend whether...

A New York court examines whether a mortgage foreclosure action dismissed for lack of standing validly accelerated the loan debt, determining the application of statute of limitations rules when the original plaintiff lacked authority to bring suit. The decision addresses competing interpretations of CPLR §213(4)(b) and establishes precedent for when lenders may claim a mortgage was not validly accelerated.

A federal court in New York denied a defendant's emergency motion to halt a foreclosure auction just hours before the scheduled sale, rejecting arguments that the underlying mortgage was unconscionable and finding no basis to vacate an earlier summary judgment. The ruling underscores the narrow scope of post-judgment relief and the high bar for obtaining last-minute injunctive relief in mortgage foreclosure cases.

On July 13 and July 15, a coalition of 11 states and the District of Columbia, followed by two former FDIC Board members, filed amicus briefs supporting Colorado in the en banc proceedings...

A secured lender's appointment of a receiver over collateral may trigger a borrower's Chapter 11 bankruptcy filing, potentially causing significant delay and expense. Recent bankruptcy court decisions reveal how specific language in receivership orders can mitigate this risk by divesting debtor management of authority to act on the borrower's behalf.

On June 23, Rhode Island Governor Dan McKee signed Senate Bill 3075, establishing capital, liquidity, corporate governance, audit, and risk-management requirements...

Explore the latest developments in mortgage banking and consumer finance, including the CFPB's sweeping ECOA rule changes, federal preemption battles over state mortgage escrow laws, and emerging AI governance frameworks. This comprehensive update examines critical regulatory shifts affecting lenders, from disparate impact elimination to interchange fee litigation and state-level consumer protection initiatives.

Royce-George & Associates (RGA), a Massachusetts LLC, brought suit against U.S. Bank and Wells Fargo arising from the administration and payoff of a commercial mortgage loan secured by property in Flemington...

The Texas Business Court continues to shape commercial law in the Lone Star State, offering guidance on contract interpretation and enforcement.