MERS, Inc. is Sued Again – This Time by Multiple Oregon Counties, for Fraud, Negligence, Unjust Enrichment

November 3, 2016

[vc_row][vc_column][vc_column_text] By Litigation and Creditors’ Rights & Bankruptcy Attorney November 3, 2016 – Several Oregon Counties have filed a lawsuit today against MERS, Inc., and its holding company, MERSCORP Holdings, Inc. (“MERS”), as well as several financial institutions that operate in Oregon and transferred security instruments to MERS. The Counties are alleging fraud, unjust enrichment, and negligence against …

New Guidance for Mortgage Servicers from the Consumer Financial Protection Bureau

June 22, 2016

[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default”][vc_column_text] By: Litigation and Creditors’ Rights & Bankruptcy Practice Groups Citing the widespread concern that many mortgage servicers lack adequate computer systems which prevent them from following CFPB mortgage servicing regulations (the majority of which became effective in January, 2014), the CFPB has issued …

New CFPB Rule Targets Lenders of Pay-Day Loans, Auto Title Loans, and Other High-Cost Loans

June 2, 2016

  Saalfeld Griggs Litigation, Creditors’ Rights & Bankruptcy Practice Groups Oregon Business Lawyers Today the Consumer Financial Protection Bureau (“CFPB”) proposed rules targeting the pay-day, auto title and deposit advance products in the lending industry. Under the proposed rule, lenders would be required to ensure a consumer has the ability-to-repay (“ATR”) the loan prior to …