Kwamina Williford

2 weeks ago | mondaq.com | Peter Hardy |Christopher Phillips |Kwamina Williford

A recent opinion in Studco Building SystemsUS, LLC v. 1st Advantage Credit Union by the U.S. Court ofAppeals for the Fourth Circuit addresses and limits the potentialliability of beneficiary banks in business email compromise (BEC)schemes.

Jul 25, 2024 | mondaq.com | Leonard Bernstein |Bob Jaworski |Kwamina Williford |Brian Goodrich

The Consumer Financial Protection Bureau announced a proposed rule to amend the 2013 Mortgage Servicing Rules to require additional support for defaulting borrowers. The proposed rule would add additional requirements for servicers before they foreclose on the property of defaulted borrowers and require servicers to comply with enhanced protections previously made available during the COVID-19 pandemic.

Jul 2, 2024 | mondaq.com | Lynn E. Calkins |Rich Gold |Zachary Lundgren |Kwamina Williford

The U.S. Supreme Court overruled Chevron deference in its decision in Loper Bright Enterprises v. Raimondo on June 28, 2024. Chevron – a central doctrine of administrative law – had stood since 1984.