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New credit card law to reform current industry practices

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • June 1 2009

On May 22, 2009, President Obama signed the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (also referred to as the Credit CARD Act of 2009

Federal Reserve Board announces TALF eligibility for legacy CMBS, revises terms & conditions and FAQ documents

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • May 22 2009

On May 19, 2009, the Federal Reserve Board (the “Board”) announced that, starting in July, certain high-quality commercial mortgage-backed securities (“CMBS”) issued before Jan. 1, 2009, (“legacy CMBS”) will become eligible collateral under the Term Asset-Backed Securities Loan Facility (“TALF”

U.S. Treasury announces Public-Private Investment Program

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • March 25 2009

On March 23, 2009, the U.S. Department of the Treasury (“Treasury”) announced the Public-Private Investment Program (the “Program”