Ftc Vs The State Of Louisiana

[Meandering]

Not going to happen Eli.

If public trust were any issue, some of the biggest banks, would not have customers.

.

 

[Eli]

Not going to happen Eli.

If public trust were any issue, some of the biggest banks, would not have customers.

.

It will happen. Technology is a bad critter. The GSE’s know it. HUD does too.

 

[Eli]

I liked the lawyer for LA. I wish I had him if I ever need him. He was good.

I’m sure I can’t afford him.

 

[glenn walker]

Total waste of time- The FTC will keep those poor knuckleheads in courts and appeals until one day their Governor stops and realizes he is just funding a losing battle. La, La, La...

 

[Eli]

What about when the govt takes over the crooks instead of fines? They keep the whole ball of wax then when Siri or Alexa explain it.

The next downturn will bring about major changes due to the current valuation models of not using professional appraisers and instead using many crooks.

UAD is a double edged sword. Commingling of fees is too. Technology is getting better and better on tracking things like this. Daily.

Remember the FTC are not professional appraisers. They almost seemed conciliatory at times. They do have public trust as a bridge in common.

 

[Eli]

Absolutely no telling what the FTC has learned about the appraisal profession since this scenario started. Like a duck out of water in some regards. Not anymore. I’m sure they know it by now.

Well, a drop in the bucket they know by now. They are learning. That’s a good thing.

 

[Non Sequitur]

The board is still fighting the actions of the FTC, witnessed by the oral arguments before the US 5th Circuit posted above.

https://www.housingwire.com/article...hts-back-against-ftc-price-fixing-allegations

I have no legal training and it's obvious no one at Housingwire does either. And it's a mistake to look at this through appraiser colored glasses.

Here's how I (with NO legal training) view the issue in a nutshell: The FTC started an action against the board. In response Governor Edwards issued this executive order https://www.doa.la.gov/osr/other/JBE 2018/JBE18-20.html in response and as a remedy. Louisiana's position is the proceedings should be dismissed because oversight/active supervision of the board has been put in place. The FTC's position is the oversight does not cover the actions of the board that occurred prior, and that the oversight may or may not be acceptable going forward. So the FTC wants to move forward with the proceeding to determine if the original action was in violation of ant-trust and Louisiana may introduce the executive order during the proceeding to determine if the remedy is legal going forward.

Relevant points are at the 28:00, 29:20, 31:40, and 33:25 marks.

This has zero to do with C&R and appraisers. The FTC is seeking to weaken state boards that are made up of market participants via additional case law on top of the dental case. Louisiana is fighting to protect state board authority. Nothing more.

 

[gregb]

Louisiana is fighting to protect state board authority.

Agreed. That is why I asked you to explain the statement that the board has capitulated, when the opposite seems true.

 

[Non Sequitur]

Agreed. That is why I asked you to explain the statement that the board has capitulated, when the opposite seems true.

The executive order basically neutered the board: the board no longer publishes a C&R survey and active supervision is now in place. That's capitulation.

In a nutshell, via the governor (who appoints members to the board) the issue at hand isn't C&R-they gave in to the FTC- it's about the makeup of licensing boards. The FTC is using this to go after state licensing boards populated by market participants, not because it gives two-hoots about appraisers or C&R. And the state is fighting this because boards are political and powerful.

 

[Eli]

I have no legal training and it's obvious no one at Housingwire does either. And it's a mistake to look at this through appraiser colored glasses.

Here's how I (with NO legal training) view the issue in a nutshell: The FTC started an action against the board. In response Governor Edwards issued this executive order https://www.doa.la.gov/osr/other/JBE 2018/JBE18-20.html in response and as a remedy. Louisiana's position is the proceedings should be dismissed because oversight/active supervision of the board has been put in place. The FTC's position is the oversight does not cover the actions of the board that occurred prior, and that the oversight may or may not be acceptable going forward. So the FTC wants to move forward with the proceeding to determine if the original action was in violation of ant-trust and Louisiana may introduce the executive order during the proceeding to determine if the remedy is legal going forward.

Relevant points are at the 28:00, 29:20, 31:40, and 33:25 marks.

This has zero to do with C&R and appraisers. The FTC is seeking to weaken state boards that are made up of market participants via additional case law on top of the dental case. Louisiana is fighting to protect state board authority. Nothing more.

I agree with the lawyer for LA. He spelled it out. He did a good job.

I don’t want work it out in the back alley.