LexisNexis® Legal Newsroom
PCI’s Sampson Reacts As Dodd-Frank Act Clears Procedural Hurdle For Senate Passage

WASHINGTON, DC — David A. Sampson, president and CEO of the Property Casualty Insurers Association of America, issued the following statement on the Dodd-Frank Act, which has cleared the necessary procedural threshold in the U.S. Senate to be considered for passage today: "Significant improvements...

AIA Statement on Passage of Dodd-Frank Financial Regulatory Reform Legislation

WASHINGTON, D.C. – Leigh Ann Pusey, president and CEO of the American Insurance Association (AIA), today issued the following statement on the passage of the “Dodd-Frank” financial services regulatory reform legislation that now goes to the President’s desk for his signature....

Property Casualty Insurers React to Dodd-Frank Act; New Federal Insurance Office

WASHINGTON, DC -- David A. Sampson, president and CEO of the Property Casualty Insurers Association of America (PCI), issued the following statement on President Obama's signing of the Dodd-Frank Act and the newly created Federal Insurance Office (FIO). "The Dodd-Frank Act will rewrite the...

Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the most far-reaching provisions of the bill, creating...

Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the most far-reaching provisions of the bill, creating...

Commentary on Dodd-Frank Act, Title XIV - Anti-Predatory Lending Provisions for Residential Mortgage Loans

In this Analysis, Stephen Ornstein, Matthew Yoon, and John Holahan, of SNR Denton, discuss the anti-predatory lending provisions of the historic Dodd-Frank Act. Prescribing a host of new standards for residential mortgage loans, Title XIV is one of the most far-reaching provisions of the bill, creating...

Jaworski on the Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Robert M. Jaworski examines the Mortgage Reform and Anti-Predatory Lending Act (MRAPLA) (in Dodd-Frank Act) , including the significant changes that it makes to the Truth in Lending Act (TILA) (e.g., incentives for qualified mortgages, anti-steering prohibitions, defenses to foreclosure...

Jaworski on the Mortgage Reform and Anti-Predatory Lending Act

In this Analysis, Robert M. Jaworski examines the Mortgage Reform and Anti-Predatory Lending Act (MRAPLA) (in Dodd-Frank Act) , including the significant changes that it makes to the Truth in Lending Act (TILA) (e.g., incentives for qualified mortgages, anti-steering prohibitions, defenses to foreclosure...

Back to the Future for Home Loans - Title XIV of Dodd Frank Act - The Mortgage Reform and Anti-Predatory Lending Act (MRAPLA)

In this Analysis, Robert M. Jaworski examines the Mortgage Reform and Anti-Predatory Lending Act (MRAPLA) (in Dodd-Frank Act) , including the significant changes that it makes to the Truth in Lending Act (TILA) (e.g., incentives for qualified mortgages, anti-steering prohibitions, defenses to foreclosure...

Podcast and Podcast Transcript: Impact on Private Fund Advisors of the Dodd-Frank Wall Street Reform and Consumer Protection Act

MODERATOR: This is the LexisNexis Corporate and Securities Law Community Podcast presentations and interviews with leading attorneys and industry professionals. On this edition Richard Phillips and Mike Eisenberg on the Dodd-Frank Act. RICHARD: Good morning. Our program this morning is focused on the...

Former Comptroller Of The Currency John Dugan Returns To Covington

WASHINGTON, D.C. - Covington & Burling LLP has announced that former Comptroller of the Currency John C. Dugan is rejoining the firm as a partner. Dugan will chair the firm's Financial Institutions Group , and will advise clients on a range of legal matters affected by significantly increased...

Williams Mullen: Your Real Estate Fund and Dodd-Frank

By: Charles M. Kemp and Laurence V. Parker, Jr. Think the Dodd-Frank Act does not affect real estate investors? Think again. Most real estate investors form a limited liability company or limited partnership to buy real estate and have several investors put equity into the entity which is...

Securitizations and the Dodd-Frank Act

By Howard M. Goldwasser Esq., Llyod H. Johnson Esq. and Drew A. Malakoff Esq. Standards and Disclosure for Due Diligence for Registered Securitizations under Section 943 of the Dodd-Frank Act. Excerpt : On January 20, 2011, the Securities and Exchange Commission (the "SEC") published...

The Week In Securities Litigation: Madoff Brother Agrees To Plead Guilty To Criminal Charges

There were news reports this week that Ponzi king Bernard Madoff's brother, Peter, has agreed to plead guilty to criminal charges that will land him in jail for ten years. At the same time the NY AG settled a case against a the operator of Madoff feeder funds, making a significant recovery for investors...

Williams Mullen: Debate Continues over Liability Protection for Lenders: Safe Harbor verses Rebuttable Presumption for "Qualified Mortgages"

BY: J.P. MCGUIRE BOYD, JR. Fifteen months after the Federal Reserve Board proposed its initial ability-to-repay rule as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, no final rule has been adopted due in large part to the continuing debate over how to protect lenders...

Ballard Spahr LLP: Temporary Exemptions Adopted for Mortgage Disclosures

By the Mortgage Banking Group As expected, on November 16, 2012, the Consumer Financial Protection Bureau adopted a temporary exemption for certain mortgage disclosure requirements added by the Dodd-Frank Act. This exemption will allow the disclosures to be implemented along with the proposal to integrate...

Ballard Spahr LLP: CFPB Adopts Mortgage Escrow Account Final Rule

By the Mortgage Banking Group Among other final rules published on January 10, 2013, the CFPB issued its final mortgage escrow account rule under a section of the Dodd-Frank Act relating to the establishment of mandatory escrow accounts on higher-priced mortgage loans. The final rule is effective...

Troutman Sanders LLP: CFPB Announces Plan to Implement New Rules for Mortgage Industry

By John C. Lynch , Ethan G. Ostroff and David M. Gettings The Consumer Financial Protection Bureau (CFPB) announced yesterday that it will be taking steps over the course of 2013 to focus on the mortgage industry's compliance with new consumer protections. The 2010 Dodd-Frank Act required the...

Pillsbury Winthrop: Proxy Season Brings 'Third Wave' Of Shareholder Litigation

The first wave of "say on pay" litigation involved lawsuits brought by shareholders following a negative advisory say on pay vote under the Dodd-Frank Act. The second wave of say on pay litigation , which picked up in 2012, involved plaintiffs' efforts to enjoin upcoming shareholder votes...

SEC Prevails In Lawsuit Challenging Conflict Mineral Rules

The Commission prevailed in a dispute challenging its conflict minerals rules brought by business groups, a seemingly rare event in view of recent rulings against the agency by the D.C. Circuit on such issues. The rules were those enacted under Section 1502 of the Dodd-Frank Act which became Exchange...

CFPB Issues Interim Final Rules on Dodd-Frank Mortgage Loan Servicing Requirements

BY: EDMUND D. HARLLEE On Wednesday, October 23, the Consumer Financial Protection Bureau (the “Bureau”) published interim final rules (and a request for public comment) in the Federal Register to amend further its Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement...

CFPB Publishes Final Rules on Dodd-Frank Requirements for Homeownership Counseling

BY: EDMUND D. HARLLEE On November 14, the Bureau of Consumer Financial Protection (the “Bureau”) published final rules in the Federal Register interpreting the homeownership counseling amendments to its Regulation Z (Truth in Lending) and Regulation X (Real Estate Settlement Procedures...

Cadwalader Clients & Friends Memo: FERC and CFTC Reach Agreement on Information Sharing and Jurisdiction

After a fair amount of back-channel arm-twisting, the two agencies with principal (and sometimes overlapping) jurisdiction over energy commodities have reached agreement on two memoranda of understanding (“ MOUs ”) required by the Dodd-Frank Act. On January 2, 2014, the Federal Energy Regulatory...

Qualified Mortgage (QM) Rules: Why Getting A Mortgage In 2014 May Be Harder Than Ever

New Four Letter Word In the Mortgage Industry Say the word “QM” (short for Qualified Mortgage) to any mortgage banker these days, and watch their reaction. If they were smiling, they will stop. Better yet, lock the doors to prevent them from jumping off the nearest bridge. “QM”...

CFPB Issues RESPA-TILA Integrated Disclosures Final Rule

BY: ALAN B. CLARK AND EDMUND D. HARLLEE The Consumer Financial Protection Bureau (the “CFPB”) has issued the RESPA-TILA Integrated Disclosures Final Rule . The 1,888 page rule [ enhanced version available to lexis.com subscribers ], will become effective for applications taken on or...