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Tag Archives: Litigation

Top 25 Women of Law, Part 3

In the final part of this series, we highlight the achievements of these formidable women lawyers have made their mark in the industry. Editor’s note: This feature originally appeared in the January issue of DS News.

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The Top 25 Women of Law, Part 2

In the second of our three-part series, we recognize women lawyers who have made their mark in the largely male-dominated space of default services litigation. Editor’s note: This issue originally appeared in the January issue of DS News.

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The Top 25 Women of Law, Part 1

From breaking through the glass ceiling to fighting for the rights of their clients, these 25 formidable women lawyers have made their mark in the industry. Editor’s note: This feature originally appeared in the January issue of DS News.

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RBS Plans to Settle Litigation

Royal Bank of Scotland (RBS) CEO Ross McEwan has stated that the bank is in talks to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed securities. The bank had previously felt a reprieve in the case following the firing of acting Attorney General Sally Yates. McEwen stated that the bank could settle a lawsuit by the Federal Housing Finance Agency apart from another investigation by the Department of Justice (DOJ). The DOJ investigation has been stalled due to the changes in the U.S. government since President Trump’s election, Reuters reports.

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Green Light, Red Light

Municipalities may be experiencing whiplash from a recent U.S. Supreme Court ruling which both permits and prevents certain suits based on the Federal Housing Act. In Bank of America Corp., et. al. v. City of Miami, the City of Miami argued that two banks, Bank of America and Wells Fargo, violated the Federal Housing Act by intentionally issuing riskier mortgages on less favorable terms to African Americans and Latino customers than they issued to similarly situated white, non-Latino customers.

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Credit Suisse to Pay $885 Million to FHFA

HELOC

The Federal Housing Finance Agency (FHFA) announced Friday it had settled two separate lawsuits with Credit Suisse alleging violations of federal and state securities laws in connection with private-label mortgae-backed securities (PLS) purchased by Freddie Mac and Fannie Mae during 2005-2007.

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