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Read the latest articles and press releases about securitization and structured finance.

Industry News

Federal Judge Dismisses ERISA Case Against Ocwen Financial Group and Wells Fargo

A federal judge in New York has dismissed a case brought forward by a pension fund, which accused Ocwen Financial Group and Wells Fargo of violating the Employee Retirement Income Security Act (ERISA). The judge ruled in favor of Ocwen and Wells Fargo, stating that the mortgage-backed securities in question did not qualify as plan assets under ERISA.

Industry News

ERISA Plan Fiduciaries Receive New Guidance from Dept. of Labor

The Department of Labor (DOL) announced their Final Rule on November 22 to reinstate and clarify the option of considering ESG factors like climate change as well as other material factors when evaluating investments for inclusion in ERISA 401k plans.

Industry News

Dechert Legal Update on Powell v Ocwen

The court examines the security of securitization's debt classifications for ERISA purposes.

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