NAMB

Fed Files Motion to Consolidate NAIHP & NAMB Lawsuits 

In a move that comes as little surprise, the Board of Governors of the Federal Reserve Board (Fed) have filed a motion in U.S. District Court for the District of Columbia to consolidate the lawsuits filed by National Association of Independent Housing Professionals (NAIHP) and the National Association of Mortgage Brokers (NAMB). The two lawsuits, filed earlier this week are strikingly similar and both seek permanent injunctions against enforcement of the law and to invalidate the law.  The only major difference between the suits is that it appears the NAIHP has challenged the entire rule, whereas NAMB chose to