Latest news with #MarkFleming
Reuters
12-06-2025
- Business
- Reuters
PNC convinces US appeals court to overturn $218 mln USAA patent verdict
June 12 (Reuters) - A U.S. appeals court on Thursday sided with PNC Bank [RIC:RIC: and overturned a $218 million verdict won by financial services provider United Services Automobile Association (USTEX.O), opens new tab in a patent dispute over mobile check-deposit technology. The U.S. Court of Appeals for the Federal Circuit said, opens new tab that the patents USAA had accused PNC of infringing were invalid. The case is part of a series of patent lawsuits brought by USAA against other financial services providers over its technology. San Antonio-based USAA has settled similar disputes with banks including Wells Fargo and Truist and filed a related ongoing lawsuit against Regions Bank in January. Spokespeople and an attorney for USAA did not immediately respond to a request for comment on the Thursday decision. A PNC spokesperson said the bank appreciates that the court "recognized that USAA's patents should never have been issued." USAA said in its 2020 lawsuit against PNC that its "Deposit@Home" technology was developed to allow military members overseas to deposit checks remotely. It had convinced a Texas jury in 2022 that PNC's mobile deposit feature worked in the same way as its patented technology and owed $218 million for violating its rights. PNC told the Federal Circuit that the 2022 verdict could not stand because the patents were invalid. A three-judge panel agreed with PNC on Thursday, finding that the patents covered "the abstract idea of depositing a check using a mobile device" using "only routine and well-known steps." The case is United Services Automobile Association v. PNC Bank NA, U.S. Court of Appeals for the Federal Circuit, No. 23-1778. For USAA: Willy Jay of Goodwin Procter For PNC: Mark Fleming of Wilmer Cutler Pickering Hale & Dorr Read more: USAA wins $218 mln verdict from PNC in mobile-deposit tech trial
Yahoo
12-06-2025
- Politics
- Yahoo
Controversial Illinois ‘sanctuary' law at center of Pritzker's testimony in Washington
WASHINGTON, D.C. - As Illinois Gov. JB Pritzker prepares to testify before a Congressional committee on Thursday morning, he'll face questions about the state's TRUST Act. The controversial law limits the degree to which local police can cooperate with federal immigration enforcement. The backstory In 2017, Illinois enacted the TRUST Act under Republican Gov. Bruce Rauner. The law bans local police from complying with federal requests to detain or arrest a person in the country illegally, unless ordered by a judge. Local law enforcement also cannot stop, search, or arrest anyone based solely on their immigration or citizenship status. In 2021, the state legislature passed laws expanding protections for immigrants in Illinois. Mark Fleming of the National Immigrant Justice Center helped craft the bill and said the point is to keep immigration enforcement in the hands of federal agents. "State and local governments are making a decision not to participate in civil immigration enforcement," Fleming said. Fleming said that doesn't mean local law enforcement can't help out in some cases. "We're not allowed to ask where you're from. They made that part of the act," he said. The other side DuPage County Sheriff James Mendrick, who recently announced a run for governor as a Republican, said the Trust Act has forced police officers to choose between conflicting sets of state and federal laws. "They've got the cops scared to death," Mendrick said. "Cops are worried that if they take action, they're gonna get sued." Mendrick believes Illinois communities would be safer if police shared immigration status of criminal suspects right away, so ICE could apprehend them while in custody – as opposed to raiding homes, schools and businesses. But Fleming says the idea is to allow residents to come out of the shadows without fear of being deported by local police. "Every study that has looked at it has uniformly found that TRUST Act doesn't diminish community safety, and that in areas like domestic violence laws like the TRUST Act enhance community safety," Fleming said. But Mendrick says he believes the TRUST Act violates federal law and is calling for the Department of Justice to investigate. "You can't shield them from detection," Mendrick said. "Giving them housing and putting 44 million into housing, sounds like shielding to me, sounds like harboring, sounds like participating." Fleming says the courts have already spoken and ruled in favor of the state's implementation of the law. "Frankly, this issue has been litigated over and over first in the first Trump administration and now in the second Trump administration," he said.
Yahoo
20-05-2025
- Business
- Yahoo
Dallas-Plano-Irving Home Prices Down -1.2% Year Over Year in April, According to First American Data & Analytics Monthly Home Price Index Report
House Prices Nationally Continue to Decelerate —Slowing price appreciation offers hope for potential home buyers, says Chief Economist Mark Fleming— SANTA ANA, Calif., May 20, 2025--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its April 2025 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers. The full report can be found here. April1 Home Price Index Dallas-Plano-Irving Market Metric Change in HPI March 2025-April 2025 (month over month) 0.0 percent April 2024-April 2025 (year over year) -1.2 percent National HPI Metric Change in HPI March 2025-April 2025 (month over month) +0.4 percent April 2024-April 2025 (year over year) +2.0 percent Chief Economist National HPI Analysis: "House prices nationally reached another record high in April, but the annual growth rate has slowed to its lowest level since 2012, underscoring the ongoing rebalancing in the market," said Mark Fleming, chief economist at First American. "Persistently high mortgage rates have tempered demand, while increased inventory has boosted supply, dragging house price appreciation down. This normalization follows the unsustainable price growth seen during the pandemic. Although affordability remains a challenge, slower price appreciation is encouraging for potential home buyers as it lets their income-growth driven house purchasing power increase." Year-Over-Year Price-Tier Data for the Dallas-Plano-Irving Metro Area: April 2024 to April 2025 The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution. CBSA Starter Mid-Tier Luxury Dallas-Plano-Irving -3.2% -3.3% +3.5% "The markets with the strongest growth in the starter home price tier are predominantly located in the Northeast or Midwest," said Fleming. "These markets include Pittsburgh, Baltimore, and St. Louis, markets that are attractive to potential first-time home buyers due to their relative affordability. However, homebuilding has also lagged in these markets, leading to high demand relative to limited supply, fueling strong house price appreciation." April 2025 First American Data & Analytics Price Tier HPI Highlights2 Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Starter Tier HPI CBSA Change in Starter Tier HPI Change in Mid-Tier HPI Change in Luxury Tier HPI Pittsburgh +7.6 percent +2.5 percent +4.0 percent Baltimore +5.7 percent +3.3 percent +3.3 percent St. Louis +4.9 percent +0.9 percent +0.4 percent Cambridge, Mass. +4.7 percent +5.0 percent +1.3 percent Warren, Mich. +3.3 percent +2.2 percent +3.3 percent Additional April 2025 First American Data & Analytics HPI Highlights Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI CBSA Change in HPI Pittsburgh +5.0 percent Cambridge, Mass. +4.0 percent Warren, Mich. +3.3 percent Baltimore +3.3 percent St. Louis +3.1 percent Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decrease in HPI Oakland, Calif. -7.6 percent Tampa, Fla. -4.8 percent San Diego -2.1 percent Denver -1.8 percent Dallas -1.2 percent HPI data for all 50 states and the largest 30 CBSAs by population is available here. Visit the First American Economic Center for more research on housing market dynamics. Next Release The next release of the First American Data & Analytics House Price Index will take place the week of June 16, 2025. First American Data & Analytics HPI Methodology The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report. HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e. the preliminary result of July transactions is reported in August). The most recent index results are subject to revision as data from more transactions become available. The HPI uses a repeat-sales methodology, which measures price changes for the same property over time using more than 46 million paired transactions to generate the indices. In non-disclosure states, the HPI utilizes a combination of public sales records, MLS sold and active listings, and appraisal data to estimate house prices. This comprehensive approach is particularly effective in areas where there is limited availability of accurate sale prices, such as non-disclosure states. Property type, price and location data are used to create more refined market segment indices. Real Estate-Owned transactions are not included. Disclaimer Opinions, estimates, forecasts and other views contained in this page are those of First American's Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American's business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2025 by First American. Information from this page may be used with proper attribution. About First American Data & Analytics First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry's largest property and ownership dataset that includes more than 8.6 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $6.1 billion in 2024, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2025, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the tenth consecutive year. The company was named one of the 100 Best Workplaces for Innovators by Fast Company for the second consecutive year in 2024. More information about the company can be found at 1 The most recent index results are subject to revision as data from more transactions become available. 2 Note: Nassau-County-Suffolk County, NY is excluded from this month's report due to data disruptions. View source version on Contacts Media Contact: Marcus GinnatyCorporate CommunicationsFirst American Financial Corporation(714) 250-3298 Investor Contact:Craig BarberioInvestor RelationsFirst American Financial Corporation(714) 250-5214 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-02-2025
- Yahoo
Police still investigating crash after tragic death of 'amazing husband'
POLICE are still investigating a crash following the death of an "amazing husband" and father more than four months ago. Rugby coach Mark Fleming died aged 51 last autumn after a collision involving his black motorcycle and a silver Kia Rio in Drighlington. It happened on Whitehall Road, near its junction with New Lane just after 9am on September 28, 2024. Mark, a father of three to Connor, Scarlett, and Ruby and husband to Jenny, sadly died at the scene. There was an outpouring of love for the 51-year-old - who was heavily involved with Drighlington ARLFC, coaching some of the young girls' teams at the rugby club - on social media in the aftermath of the crash. A heartfelt tribute left at the scene by his wife, Jenny, said: 'To my only love, my beautiful amazing husband. 'Words will never be enough for how much you mean to me. 'I will always love you and make you proud raising our 3 beautiful children. 'Till we meet again, remember I love you always and will carry you with me .' The driver of the Kia was treated for minor injuries and later arrested on suspicion of causing death by dangerous driving before he was bailed pending further enquiries. Police revealed today that officers are still investigating the crash and the arrested man remains on bail. A spokesperson for West Yorkshire Police said: "The arrested man remains on bail, enquiries ongoing."
