By the Consumer Financial Services Group
The U.S. Supreme Court has agreed to hear a case that will decide
whether the Real Estate Settlement Procedures Act (RESPA), which is
directed at residential mortgage lending, prohibits a real estate
By Sharifa A. Anderson , Teri M. Guarnaccia and Amy M. McClain On September 26, 2011, the U.S. Department of Housing and Urban
Development (HUD) released an advisory notice (PIH 2011-55) that
provides guidance to public housing authorities (PHAs)...
the Consumer Financial Services Group
The U.S. District Court for the District of South Dakota
has issued a preliminary injunction postponing the October 1, 2011,
effective date of the Federal Reserve Board's 2011 Regulation Z (Truth in
By Mary Anthony Merchant, Ph.D. and Estelle Tsevdos
On September 16, 2011, President Obama signed into law the Leahy-Smith America Invents Act , which
makes significant changes to U.S. patent law. Certain provisions
related to fee increases take...
by Edward I. Leeds and Clifford J. Schoner
The Department of Labor has published an interim policy
describing how fiduciaries may use electronic media to meet new DOL
requirements, which will take effect this spring. The policy, set forth in
by Bradley D. Patterson and William C. Rhodes
Continuing a trend by market regulators to bring
consistent and enhanced disclosure to bond market investors, the Municipal Securities Rulemaking Board (MSRB) has recommended
several changes to the Securities...
By Alan S. Kaplinsky , Jonathan C. Lippert , Gary C. Tepper
and Daniel J. Tobin
In a per curiam opinion believed to be the
first decision on point issued by an appellate court, the U.S. Court of
Appeals for the Fourth Circuit held that a borrower...