Legal

OCC, ABA File Briefs in Appeal of Missouri Mutual M&A Case

The OCC, ABA and the Missouri Bankers Association have filed friend-of-the-court briefs in the appeal of a Missouri case in which two mutual thrift depositors claim that they were entitled to a distribution of their thrift’s capital at the time the bank merged into another institution.

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HUD Issues Request for Public Comment on Disparate Impact Regulation

In a move long sought by ABA, the Department of Housing and Urban Development is formally seeking public comment on whether its rule implementing the Fair Housing Act's discriminatory effects standard is consistent with the Supreme Court decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project.

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CFPB Dismisses PHH Lawsuit

Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced today that the bureau will drop its case against mortgage lender PHH Corp.

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