A&B Abstract: Maryland’s inspection fee statute has been interpreted by the Maryland Court of Appeals and the Maryland Office of the Commissioner of Financial Regulation (“OCFR”) to apply both at the time of origination and throughout the … [Continue reading] about Federal Court Inspects Maryland’s Restrictions on Inspection Fees
CFPB Updates Financial Institution Guidance on Elder Financial Exploitation
A&B ABstract: In July 2019, the Consumer Financial Protection Bureau (“CFPB”) issued an update to its 2016 Advisory and Recommendations for Financial Institutions on Preventing and Responding to Elder Financial Exploitation (“Update”). The … [Continue reading] about CFPB Updates Financial Institution Guidance on Elder Financial Exploitation
Changes to the Department of Defense’s SCRA Website Database Could Impact Servicers
A&B ABstract: Servicers should be aware of changes being made to the Department of Defense’s (“DoD”) Servicemembers Civil Relief Act (“SCRA”) website in response to a complaint that the DoD failed to protect the privacy of servicemembers’ … [Continue reading] about Changes to the Department of Defense’s SCRA Website Database Could Impact Servicers
Maine Enacts Law Protecting Victims of Economic Abuse
A&B Abstract: An Act to Provide Relief to Survivors of Economic Abuse (the “Economic Abuse Law”), effective September 19, 2019, is aimed at preventing “economic abuse” by providing certain protections to victims of such abuse, in part, by … [Continue reading] about Maine Enacts Law Protecting Victims of Economic Abuse
Slaying the Monster? Reduced Risk of False Claims Act Prosecution for FHA Lenders
A&B Abstract: In an effort to incent large depository institutions to return to FHA lending, the U.S. Department of Housing and Urban Development (“HUD”) and the U.S. Department of Justice (“DOJ”) entered into a Memorandum of Understanding … [Continue reading] about Slaying the Monster? Reduced Risk of False Claims Act Prosecution for FHA Lenders