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Delaware court holds investment banker liable for aiding and abetting buyout target board’s breach of fiduciary duty

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • March 20 2014

The Delaware Chancery Court recently held a respected investment banking firm liable for aiding and abetting breaches of fiduciary duty by the target

When is a debt not a debt? The Supreme Court may need to decide

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • April 1 2014

A recent decision by the Seventh Circuit has held that the Fair Debt Collection Practices Act ("FDCPA") is violated when a debt collector sends a

Ninth Circuit rejects constitutional challenge to bank credit card overlimit and late fees

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 30 2014

In the case of In re: Late Fee and Over-Limit Fee Litigation (Pinon v. Bank of America, N.A.), No. 08-15218, ___ F.3d ___ (9th Cir., Jan. 21, 2014

Seventh Circuit affirms rulings on debt collection notices

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 29 2014

The U.S. Court of Appeals for the Seventh Circuit, in a consolidated appeal of four separate cases, recently affirmed a lower court's dismissal of

TILA does not require a loan servicer to identify the loan’s owner

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • December 31 2012

The Ninth Circuit recently sided with a loan servicer who was sued by a borrower for failing to provide him with the loan owner's information. In Gale v

CFPB launches new regulatory implementation page to ensure industry is ready to comply with new mortgage rules

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • June 27 2013

The Consumer Financial Protection Bureau ("CFPB") recently announced that it has launched a Regulatory Implementation page that consolidates all of

CFPB proposes revisions to rules on international money transfers by consumers

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 18 2013

The Consumer Financial Protection Bureau (CFPB) recently issued proposed changes to the rule it originally proposed on January 20, 2011, governing

Raj Date steps down at CFPB; Steve Antonakes named as acting Deputy Director

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 31 2013

On January 31, 2013, Deputy Director Raj Date officially stepped down from his position as the second-highest official in the CFPB. Date was the

Federal Reserve issues Credit Card Act regulations

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 13 2010

The Federal Reserve Board issued final rules yesterday amending Regulation Z and implementing certain provisions of the Credit Card Accountability and Disclosure Act of 2009

Supreme Court watch: Jerman v. Carlisle

  • Foley & Lardner LLP
  • -
  • USA
  • -
  • January 5 2010

On January 13, 2010, the Supreme Court heard arguments in Jerman v. Carlisle, McNellie, Rini, Kramer & Ulrich LPA, a case that will have a far reaching impact on the bona fide error defense in the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. 1692 92p, as well as attorneys’ obligations while collecting debts