Legal News

On October 11, 2019, the NMLS updated its policy guidebook. The updated guidebook, in part, makes certain changes to branch (MU3) form filings and explains the requirements to select a mortgage loan originator’s Worker Classification when...By: Weiner Brodsky Kider PC

Recently, a real estate investor charged with bank fraud and making a false statement to a financial institution pled guilty to the latter charge in a plea agreement approved by the U.S. District Court for the Northern District of Illinois. The...By: Weiner Brodsky Kider PC

On September 24, 2019, the U.S. Department of Labor (DOL) announced a final rule, effective January 1, 2020, that allows (according to the DOL) approximately 1.3 million workers to become newly entitled to overtime pay....By: Weiner Brodsky Kider PC

Issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports will be the subject of a public workshop hosted by the FTC and CFPB on December 10, 2019.  The announcement brings to light the...By: Weiner Brodsky Kider PC

The U.S. Court of Appeals for the 3rd Circuit recently vacated a district court’s order compelling arbitration in a putative class action brought by a driver of a ridesharing company, finding that the plaintiff and other drivers who transport people...By: Weiner Brodsky Kider PC

The Maryland legislature passed new legislation and revised other legislation throughout 2019. Below is a review of certain legislation due to take effect on October 1, 2019....By: Weiner Brodsky Kider PC

The USDA’s Rural Housing Service (RHS) recently issued a final rule, pushing back from August 21, 2019, to October 1, 2019, the effective date of a prior rulemaking that seeks to facilitate and encourage single close combination construction to...By: Weiner Brodsky Kider PC

FHA recently announced the issuance of its long-anticipated final rule allowing Project Approval for Single-Family Condominiums (Final Rule), effective October 15, 2019, which FHA estimates could result in a significant increase in the number of...By: Weiner Brodsky Kider PC

A three-judge panel of the Ninth Circuit ruled last week that an ERISA benefits class action can be arbitrated.  The decision struck down a 35-year old circuit precedent that the court found no longer operable because of intervening Supreme Court...By: Weiner Brodsky Kider PC

The Third Circuit Court of Appeals recently issued an opinion upholding the right of a former bank employee to proceed with a Sarbanes-Oxley claim that he was retaliated against by his former employer, a national bank, without being subject to...By: Weiner Brodsky Kider PC