Spotlight on Fraud: Responding to Regulatory Scrutiny Over Aggressive Marketing Campaigns, Force Placed Insurance, and Deception in COVID-Related Relief
Nikhil V. Gore
Partner
Covington & Burling LLP (Washington, DC)
Michael Y. Kieval
Member
Weiner Brodsky Kider PC (Washington, DC)
- What can be learned from recent enforcement actions over fraudulent advertising in a low interest rate environment
- Insights into Attorney General actions under consumer fraud statutes in various states, including over insurance forced on borrowers
- Detecting the potential for fraud in forbearance requests, buybacks, repurchase indemnification, and handling of funds issued under relief bills
- Trends in CFPB actions over abusive home lending since its $1 billion fine of Wells Fargo in 2018
- Developments in antitrust claims under RESPA alleging price fixing
- Regulatory scrutiny and litigation relating to inadequate controls to deter cyber fraud and protect client data
- Detecting fraud on the part of borrowers failing to disclose liabilities, falsifying assets, or having questionable sources of funds, and compliance challenges in lending money mistakenly