Jun 21, 2022 | 2022, Banking, COVID-19, Credit, Creditors’ Rights & Bankruptcy, Financial Services, Food for thought, Lawyers, News
by Erich Paetsch, Chair, Financial Services Industry Group Recently, the Ninth Circuit Court of Appeals in Gross v. CitiMortgage considered the extent to which financial institutions furnishing consumer credit information to reporting agencies must investigate...
Apr 25, 2022 | 2022, Banking, COVID-19, Creditors’ Rights & Bankruptcy, Financial Services, Food for thought, Lawyers, News
by Erich Paetsch, Chair, Financial Services Industry Group At the outset of the Covid-19 pandemic, public health measures designed to save lives also dramatically impacted the economy. Concerned about the unprecedented economic impact of public health measures,...
Oct 8, 2021 | 2021, Banking, Creditors’ Rights & Bankruptcy, Financial Services, Lawyers, Litigation
By Financial Services Industry Group In an opinion issued on September 2, 2021, the Washington Supreme Court held that the filed rate doctrine may be applied to lenders or mortgage servicers implementing forced place insurance when there is a direct attack on agency...
Aug 20, 2021 | 2021, COVID-19, Financial Services, News
By Financial Services Industry Group On August 16, 2021, Governor Kate Brown signed Executive Order 21-30, which extended the mortgage foreclosure moratorium emergency period of House Bill 2009 (2021) to 11:59 p.m. on December 31, 2021. The Oregon State Legislative...
Mar 1, 2021 | 2021, Banking, COVID-19, Financial Services, Food for thought, Lawyers, News
by Erich Paetsch, Chair, Financial Services Industry Group In its semi-annual Monetary Policy Report to Congress, the Federal Reserve on February 19th issued a warning about insolvency risk to Congress. The Report identifies business leverage at historic highs given...
Feb 23, 2021 | 2021, Financial Services, News
By Financial Services Industry Group On February 16, 2021, President Biden took three actions that affected the current standing rules regarding a lender’s rights and obligations with respect to residential mortgage loan borrowers during the global COVID-19...
