On September 28, 2015, the acting United States Attorney for the Eastern District of New York announced the filing of a civil suit against several mortgage lenders and a consumer counseling and relief fund. The suit alleges that the lenders conspired with the counseling fund in an effort to hide their high default…
On September 25, the Federal Deposit Insurance Corporation (FDIC) announced the release of its August 2015 administrative enforcement actions against banks and individuals. The FDIC disclosed that after entering into a consent order with an Ohio bank on July 21, the FTC had issued an order on August 10 requiring the…
On August 12, 2015, the Consumer Financial Protection Bureau (CFPB) announced that it, along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), had entered into several consent orders with affiliated regional banks over allegations concerning consumer bank deposits. According to the consent orders,…