HousingWire, Oct. 13, 2015–Garrison, Trey
U.S. District Judge Beth Bloom dismissed a class action accusing law firm Butler & Hosch PA and its founder, Robert Hosch, of violating the Worker Adjustment and Retraining Notification Act by failing to give proper notice to employees before enacting layoffs.
Bloomberg, Oct. 13, 2015–Gopal, Prashant; Collins, Margaret
What does Manhattan’s tallest residential tower have in common with the Hooters hotel-casino in Las Vegas? They’re investments for rich families.
Reuters, Oct. 13, 2015–Dunsmuir, Lindsay
The number of Federal Reserve banks pushing the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in September from five in July, minutes from the Fed’s discount rate meeting showed.
National Mortgage Professional, Oct. 12, 2015–Hall, Phil
Last week, the Consumer Financial Protection Bureau announced that it was considering the introduction of a new regulation banning the so-called “free pass” arbitration clauses that prevent consumers from filing lawsuits in groups to obtain relief against financial services companies. But does the CFPB have the legal authority to overturn Supreme Court rulings related to arbitration? The answer, according to industry experts, depends on how you view the CFPB’s actions.
Wall Street Journal, Oct. 12, 2015–Baer, Justin
Goldman Sachs Group Inc.’s banking arm has provided nearly $100 million in credit to Directed Capital Resources, refinancing the commercial-mortgage lender’s existing debt and doling out a new credit line.
Forbes, Oct. 12, 2015–Team, Trefis
Investors will be able to get an idea of how various banking services fared in the third quarter on Tuesday, October 13, when JPMorgan Chase kicks off the earnings season for U.S. banks.
HousingWire, Oct. 12, 2015–Garrison, Trey
This marks the start of the second full week of the TILA-RESPA Integrated Disclosure rule, and it’s impacting real estate and mortgage finance at almost every point along the pipeline.
Wall Street Journal, Oct. 12, 2015–Cherney, Mike
Falling profits and increased borrowing at U.S. companies are rattling debt markets, a sign the six-year-long economic recovery could be under threat.
Bloomberg, Oct. 12, 2015–Matthews, Steve
Federal Reserve Bank of Atlanta President Dennis Lockhart said an improving U.S. job market warrants an interest-rate increase this year, reinforcing the message from other officials in recent days that they remain on track for liftoff in 2015.
CNN, Oct. 12, 2015–Gillispie, Patrick The U.S. dollar is not having a good October. Its value sank along with uncertainty around when the Federal Reserve will raise its key interest rate.
