Litigation Developments

WBK Industry News - Litigation Developments

AGs from 7 States and DC Seek Invalidation of FDIC’s “Valid When Made” Rule in Northern CA US District Court

17 Sep 2020

Attorneys General from seven states and the District of Columbia recently filed a Complaint in Northern California District Court for declaratory and injunctive relief against...

11th Circuit Judge Awards $8.75M in Attorneys’ Fees in TCPA Class Action

10 Sep 2020

A district court judge in Alabama recently awarded attorneys’ fees in the amount of $8.75 million in a TCPA class action brought against a domain...

Judge Rejects Due Process Arguments and Enters $925 Mil TCPA Award

03 Sep 2020

A federal judge in Oregon recently found that a $925 million award in a Telephone Consumer Protection Act (TCPA) class action did not violate due...

6th Circuit Ruling Deepens Circuit Split on How Autodialers are Defined

27 Aug 2020

The Sixth Circuit recently issued an opinion holding that a device capable of dialing telephone numbers from a stored list of numbers constitutes an autodialer...

Firm’s Attempt to Collect Agent Fees from PPP Lenders is Blocked

27 Aug 2020

A federal judge in Florida recently denied an accounting firm’s attempt to recover fees from lenders who participated in the Paycheck Protection Program (PPP) under...

Bank to Pay $80M Penalty for Failed Risk Management Processes & Untimely Corrective Action

20 Aug 2020

The OCC recently entered into an $80 million consent order with a national bank for its failure to safeguard consumer financial data. The OCC found...

NY Federal Court Approves $386.5M Settlement, $77M in Attorney Fees in Fannie Mae, Freddie Mac Bond Price Fixing Suit

13 Aug 2020

Recently a federal district court in New York granted final approval of a $386.5 million settlement, including over $77 million in attorneys’ fees, in a...

3rd Circuit Holds States May Bring CFPA Suits Concurrently with CFPB

06 Aug 2020

The Third Circuit recently held in a precedential opinion that loan servicers are subject to CFPA enforcement actions brought by state governments concurrently with CFPB...

CFPB Sues Mortgage Lender for Alleged Redlining

29 Jul 2020

The CFPB recently filed a complaint in the U.S. District Court for the Northern District of Illinois against a small mortgage lender for allegedly violating...

CFPB Files Suit Against Texas-Based Debt Relief Company over Fees

29 Jul 2020

The CFPB recently filed a complaint against a Texas-based student-loan debt-relief company, alleging multiple violations of the Telemarketing Sales Rule (TSR). The complaint, filed in...

Supreme Court Will Review Constitutionality of FHFA’s Single-Director Structure

23 Jul 2020

The Supreme Court recently granted certiorari to determine whether the single-director structure of the Federal Housing Finance Agency (FHFA) violates the Constitution’s separation-of-powers principles. The...

Supreme Court Rules TCPA’s Government-Debt Exception is Unconstitutional and Severable

16 Jul 2020

The Supreme Court recently ruled the government-debt exception in the Telephone Consumer Protection Act (TCPA) violates the First Amendment, but found the unconstitutional provision could...