UBS will pay $300M to settle Credit Suisse case
The payment, which UBS inherited when it acquired Credit Suisse, resolves consumer-relief commitments that Credit Suisse agreed to in 2017.
Department of Justice
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Trump’s assault on DEI hasn’t ended federal efforts to stop appraisal bias
While the Trump administration has rolled back many regulations around appraisal bias, some remain in place.
MLS PIN settlement gains preliminary approval … again
Judge Patti B. Saris on Tuesday granted preliminary approval to the fourth amended settlement between MLS PIN and the Nosalek plaintiffs.
DOJ withdraws objection to MLS PIN settlement, clearing the way for preliminary approval
The DOJ has withdrawn its objection to MLS PIN’s settlement of the Nosalek commission lawsuit, clearing the way for preliminary approval.
HUD OIG reveals ongoing reverse mortgage oversight priority
The HUD OIG report details some reverse mortgage highlights, including an ongoing oversight priority and a recent conviction.
New York Times relights the fuse on NAR settlement, cooperative compensation
Debra Kamin, the Times’ real estate reporter, discussed the NAR settlement business practice changes this week on an episode of “The Daily.”
Former Texas title employee sentenced for $350K wire fraud scheme
Mayela Saby Cantu participated in a scheme using falsified lien payoff statements, fraudulent warranty deeds and deceptive emails.
Alabama law: Buyers don’t have to sign contract before home tours
The bill was backed by Alabama Realtors
Is Alabama’s buyer representation bill a legal protection or liability?
Alabama Realtors are backing a law to change the timing of buyer agreements after the DOJ’s statement of interest in the Sitzer/Burnett suit.
Appeals court affirms ruling that ‘no commingling’ is not an antitrust violation
Originally filed by REX in March 2021, the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”