Law360, San Diego (July 24, 2014, 10:50 PM ET) — San Francisco property owners on Thursday brought a suit in a California federal court alleging a city ordinance “illegally and unconstitutionally” forces landlords to pay massive sums of money to tenants before they can take their property off the rental market.
The Pacific Legal Foundation lodged the suit in the Northern District of California on behalf of Daniel and Maria Levin, a married couple who owns a two-unit house on Lombard Street in the city. The complaint targets an ordinance that requires owners to pay displaced tenants…
Source: Law 360
The U.S. Justice Department announced on Thursday that a Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding a program designed to encourage American exports.
The program, run by the U.S. Department of Agriculture, covered losses for American commodities exporters in cases where their import partner failed to make a payment.
Last month, BNP Paribas pleaded guilty and agreed to pay $8.9 billion in a settlement with U.S. authorities for violating U.S. economic sanctions.
Florida Attorney General Pam Bondi added her name to the list of states that filed a joint federal-state enforcement sweep targeting scam operations that prey on delinquent homeowners or those facing foreclosure.
On Wednesday, the Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states are filings 9 lawsuits against companies and individuals that collected more than $25 million in illegal advance fees with false promises to prevent foreclosures. The CFPB is filing 3 lawsuits, while the FTC is filing 6 lawsuits.
Posted in Uncategorized
Tagged CFPB, FTC
Cyprexx Services has responded to charges of racial discrimination levied by The National Fair Housing Alliance earlier this week.
Cyprexx, which provides property preservation services forFannie Mae-owned homes, was accused of failing to properly maintain properties in African-American and Latino neighborhoods in Baltimore, Maryland; Kansas City, Missouri; Orlando, Florida; and Richmond, Virginia.
“Cyprexx is extremely disappointed that the National Fair Housing Alliance and two of its member organizations announced the filing of a federal housing discrimination complaint against the company without first engaging the company in supplying data, and discussing their concerns and allegations,” Cyprexx said in a statement released to HousingWire.
“These allegations appear frivolous, and without reasonable merit.”