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News
May 11, 2015

In the News Today – May 11, 2015

In a column questioning the motivations of federal regulators in “attacking” big mortgage lenders “by accusing them of massive fraud,” Bill Cosgrove, chairman of the Mortgage Bankers Association, says that he is “becoming increasingly afraid that good lenders will pull back on Federal Housing Administration (FHA) lending out of fear of more baseless lawsuits.” (Cleveland Plain Dealer)

If the U.S. Supreme Court decides, in Spokeo v. Robins, that “Article III standing can be conferred when a plaintiff suffers no injury,” it “will open the floodgates for data breach and other class actions which are commonly referred to as ‘non injury’ actions.” (Lexology)

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