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What Lenders should know about Open-Ended Loans
This content has been archived. It may no longer be relevantOffit Kurman financial compliance attorney Ari Karen writes a weekly blog, “Compensation and Compliance Matters,” on the National Mortgage News website. In one of his most recent posts, “Unseen Risk of Open-Ended Loans,” Mr. Karen explains what lenders should know about Open-Ended Loans. The Loan Officer compensation rules only apply to…
Cybersecurity And Privacy – Linked In NIST’s Framework, But Still To Be Developed
The National Institute of Standards and Technology (NIST) issued its Framework for Improving Critical Infrastructure Cybersecurity 1.0 on February 12, 2013, available here. While the entire Framework is somewhat general in nature – too general perhaps to please some (your blogger included), completely missing in action was any detail covering privacy and civil liberties standards. …
Compensation and Compliance Matters- 2.14.14
WE’RE HEARING in terms of compensation plans, many lenders treat open-ended loans as a non-issue given their exemption from the compensation provisions of Dodd-Frank. Lenders, however, should consider carefully the potential for loan officers to steer borrowers from closed-end products into open-ended loans. This is particularly true in a rising interest rate environment. Indeed, one…
Labor & Employment Telebrief 1.29.14
To listen to the Telebrief click on play arrow. Learn more about Offit Kurman’s Workplace Investigation services here. LABOR & EMPLOYMENT TELEBRIEF By: Howard B. Kurman, Esquire January 29, 2014 Howard Kurman: A couple of Supreme Court developments and you know when the Supreme Court talks in the labor and employment arena or any…
Increased Federal Gift and Estate Tax Exemptions in 2014
Federal Gift and Estate Tax Exemptions increased in 2014. This is the topic of Offit Kurman attorney Gal N. Kaufman’s article, “Increased Federal Gift and Estate Tax Exclusions/Exemptions for 2014.” So what does this mean for you? Increased Federal Gift and Estate Tax Exemptions in 2014 Unified Estate and Gift Tax Exclusion Amount: In 2013,…
An Alternative to Guardianship under Maryland Law
What would happen to your assets if you were to become disabled? This is the very serious question Offit Kurman attorney Joseph Mathis addresses in his article, “An Alternative To Guardianship Of The Property For A Disabled Individual.” If one becomes incapacitated (either mentally or physically), to the point that he or she is no…
Legal Q&A: February 11, 2014
QUESTION What should I know about the new Employment Eligibility Verification Form I-9? ANSWER You’re in luck, United States Citizenship and Immigration Services (USCIS) recently released three short video vignettes for employees and employers that demonstrate how to complete the Employment Eligibility Verification Form I-9. Here’s a synopsis of each vignette: Section 1 of Form…
Offit Kurman Labor and Employment Attorney in Baltimore Business Journal
Offit Kurman labor and employment attorney Howard Kurman was recently published in the Baltimore Business Journal. His article, “Money matters when hiring lawyers,” can be found on page 23 of the magazine’s latest issue, available via subscription. “I have been personally involved in the interviewing and hiring of literally dozens of attorneys and attorney candidates…
Read | Delete – 2.10.14
Netflix’s Management Philosophy: Treat people like”fully formed adults.” An example: Netflix departed from a formal travel and expense policy and decided to simply require adultlike behavior. The company’s entire expense policy is five words long: “Act in Netflix’s best interests.” Employees are trusted to spend money frugally, as they would their own and book their…
Compensation and Compliance Matters – February 3, 2014
By Ari Karen The Feds Make an Example of Bank of America In October Bank of America lost a jury trial for fraud brought by the United States based upon Countrywide’s high-speed approval process which was claimed to have incentivized fast approval at the expense of proper underwriting. Specifically, it was claimed that the process…
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