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National Law Journal

CFPB Alleges Berkshire Hathaway Subsidiary Originated Unaffordable Housing Loans

Vanderbilt’s internal model for underwriting loans provided borrowers unrealistic expectations of monthly living expenses, the Consumer Financial Protect Bureau alleged in the complaint.
3 minute read

New York Law Journal

Class Certification, Cash-Sweep Cases Among Securities Litigation Trends to Watch in 2025

From artificial intelligence cases to a federal judiciary pressed to use a years-old high court ruling to curb securities fraud cases, and more—here are the four securities litigation trends to watch in 2025.
6 minute read

Corporate Counsel

Ex-Six Flags CLO Lands New C-Suite Post—This Time as HR Chief

Aimee Williams-Ramey received $1.1 million in severance after Six Flags terminated her "without cause" a year ago after she'd been legal chief just 15 months. Now, she's becoming chief human resources officer of Texas Capital Bank.
3 minute read

The Recorder

'Biggest Influencer Scam of All Time'?: PayPal Accused of Poaching Commissions Via Its 'Honey' Browser Extension

Fintech platform PayPal was hit with a proposed class action for allegedly replacing affiliate links indicating that YouTube influencers have driven sales of a product or service with links crediting Honey, a browser extension owned by PayPal that applies coupon codes on e-commerce websites.
5 minute read

Texas Lawyer

Paxton's 2024 Agenda: Immigration, Climate, Transgender Issues, Social Media, Abortion, Elections

Texas Attorney General Ken Paxton boasted his 100th lawsuit against the Biden Administration in November, but his 2024 agenda went far beyond attempts to stymie efforts of federal agencies.
9 minute read

Corporate Counsel

After 2024's Regulatory Tsunami, Financial Services Firms Hope Storm Clouds Break

Legal observers say Donald Trump's return to the White House brightens the outlook for Capital One's proposed $35 billion purchase of Discover, and may bring an end to financial regulators' crackdown on "off-channel" communications.
3 minute read

The Legal Intelligencer

Pittsburgh Judge Rules Loan Company's Online Arbitration Agreement Unenforceable

Judge Alan Hertzberg rejected the defendant's bid to compel arbitration in a putative consumer class action.
3 minute read

National Law Journal

Financial Watchdog Alleges Walmart Forced Army of Gig-Worker Drivers to Receive Pay Through High-Fee Accounts

The Consumer Financial Protection Bureau sued Walmart and the payments platform Branch Messenger in federal court in Minnesota.
2 minute read

National Law Journal

Chicago Federal Court Offers Banks Relief From Illinois' Historic Credit Fee Curbs

U.S. District Chief Judge Virginia Kendall of the Northern District of Illinois found that a coalition of banking associations represented by Jones Day and Skadden, Arps, Slate, Meagher & Flom would likely show that the National Bank Act preempts the Illinois Interchange Fee Prohibition Act.
4 minute read

The Recorder

DOJ Takes on Largest NFT Scheme That Points to Larger Trend

Gabriel Hay, 23 and Gavin Mayo, 23, allegedly defrauded investors of over $22 million. Former DOJ prosecutor Scott Armstrong says there's a trend of such cases targeting younger defendants.
3 minute read

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