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The exception that swallowed the rule

  • Ulmer Berne LLP
  • -
  • USA
  • -
  • April 19 2013

Nonrecourse loans are popular among commercial real estate owners because the Lender agrees only to seek recourse against the real estate and other

FDIC issues final rule regarding savings associations' investments in corporate debt

  • Ulmer Berne LLP
  • -
  • USA
  • -
  • August 8 2012

Last week, the Federal Deposit Insurance Corporation issued a final rule under Section 939(a) of the DoddFrank Wall Street Reform and Consumer Protection Act prohibiting savings associations from acquiring or retaining any corporate debt security that does not satisfy certain creditworthiness standards

New lawsuit attacks constitutionality and authority of the CFPB and FSOC

  • Ulmer Berne LLP
  • -
  • USA
  • -
  • July 5 2012

The Competitive Enterprise Institute, one of the organizations that filed briefs supporting the recent challenge to the Affordable Care Act, has now brought a constitutional challenge seeking to block two major President Obama initiatives born out of the Dodd-Frank Act of 2010

Freeman, et al. v. Quicken Loans, Inc.: Supreme Court declines to expand consumer protections beyond Congress’ exact words

  • Ulmer Berne LLP
  • -
  • USA
  • -
  • June 4 2012

Adhering to the exact wording of the Real Estate Settlement Procedures Act (“RESPA”), the U.S. Supreme Court held in a rare, unanimous decision that a violation of Section 8(b) of RESPA does not apply unless a charge for real estate settlement services is divided between two or more parties

Fraudulent transfer litigation - the Eleventh Circuit Court of Appeals deals a blow to lenders

  • Ulmer Berne LLP
  • -
  • USA
  • -
  • May 31 2012

A highly significant ruling involving fraudulent transfers recently decided by the Eleventh Circuit could have a far-reaching impact on distressed lending and investing