NAMB. v. BD. OF GOVERNORS OF FEDERAL RESERVE SYSTEM

Civil Action Nos. 1:11-cv-00506 (BAH), 1:11-cv-0489 (BAH).

773 F.Supp.2d 151 (2011)

NATIONAL ASSOCIATION OF MORTGAGE BROKERS, Plaintiff, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, et al., Defendants.

United States District Court, District of Columbia.

March 30, 2011.


Attorney(s) appearing for the Case

Shannon Hadley Rutngamlug , Saul Ewing, LLP, Washington, DC, for Plaintiff.


MEMORANDUM OPINION

BERYL A. HOWELL, District Judge.

Over the past few years, this country has grappled with an extended economic crisis, the roots of which have been attributed to failures in the home mortgage industry. In an effort to understand and correct failures in this market, Congress and the regulatory agencies overseeing the home mortgage industry held hearings, conducted studies, and ultimately proposed laws and regulations prohibiting industry...

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