UBS (NYSE: UBS) has agreed to a $300 million settlement with the Department of Justice that will settle the legacy Credit Suisse case regarding the improper sales of residential mortgage-backed securities (RMBS) prior to the 2008 financial crisis. The...
A federal judge in Philadelphia has rejected a request by the Department of Justice (DOJ) to bring an early conclusion to a $3 million settlement made with a Pennsylvania bank that was accused of redlining. The Philadelphia Inquirer reports US District Judge Michael...
The Department of Justice (DOJ) announced that Greystar Management Services LLC has agreed to pay $1.4 million to settle allegations that it violated the Servicemembers Civil Relief Act (SCRA) by imposing illegal fees on military servicemembers who terminated their...
A federal judge in Chicago has rejected a request by the Consumer Financial Protection Bureau (CFPB) to vacate its $105,000 settlement of redlining charges brought against the mortgage lender Townstone Financial. The settlement followed a protracted litigation that...
California Attorney General Rob Bonta announced a settlement with Oakland-based HomeOptions and its CEO Kevin Li that resolves charges of a predatory real estate scheme impacting over 500 homeowners. According to Bonta’s office, HomeOptions lured financially...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
