A U.S. government lawsuit against Bank of America Corp. related to the sale of billions of dollars of toxic mortgage loans to Fannie Mae and Freddie Mac is headed to trial in September.
According to The National Highway Traffic Safety Administration the annual number of traffic fatalities has increased for the first time in seven years. There were more than 34,000 death in 2012. That’s an increase of 5.3 percent.
Insurance reforms pushed by the New York Department of Financial Services now cover 100 percent of the New York force-placed insurance market.
The Consumer Financial Protection Bureau (“CFPB”) implemented a rule, effective June 1, 2013, that prohibits mandatory arbitration clauses in residential mortgage loans or home equity lines of credit.