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Results: 1-10 of 138

"Abusive" further defined by court as CFPB case against ITT tech moves forward

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 11 2015

On March 9, District Judge Sarah Evans Barker issued her long-anticipated order on the motion to dismiss in CFPB v. ITT Educational Services, Inc., No

Dead hand provisions: a lesson for lenders from the Delaware Chancery Court

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 11 2015

In Pontiac General Employees Retirement System v. Ballantine, et al., the Delaware Chancery Court refused to dismiss a claim against a lender for

Assignee’s claim for Kentucky statutory interest on charged-off debt held actionable under FDCPA

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 12 2014

On October 24, 2014, the Sixth Circuit Court of Appeals issued its decision in Stratton v. Portfolio Recovery Assocs. LLC, --- F.3d ---, 2014 WL

Seventh Circuit permits inquiries relating to disability benefits

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 12 2014

In October 2014, in Wigginton v. Bank of America Corp., 2014 U.S. App. Lexis 19850 (7th Cir. October 16, 2014), the Seventh Circuit Court of Appeals

Glassine window spells trouble for debt collector

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 12 2014

Based on an August 28, 2014 decision of the U.S. Court of Appeals for the Third Circuit, in Douglass v. Convergent Outsourcing fka ER Solutions, Inc

Make whole provisions in bankruptcy

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 26 2014

Loan agreements and bond indentures often contain "make-whole" provisions, which provide yield protection to lenders and investors in the event of a

Spotlight on fair lending

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 9 2014

The past several months have seen numerous important happenings under fair lending developments, both in the courts, by the DOJ, and by at least one

Pennsylvania legislature clarifies open-end mortgage exception to priority of mechanics' liens

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 10 2014

On July 9, 2014, Governor Corbett signed Act 117 of 2014, amending Pennsylvania's Mechanics' Lien Law of 1963 (Act of August 24, 1963, P.L. 1175, No

Clash of the Titan 2007-1 (part III): controversy thunders on

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 30 2014

Previously in Clash of the Titan 2007-1: Zeus has spoken, we took a brief look at the judgment delivered by Richard Snowden QC. Another interesting

Supreme Court clarifies scope of federal bank fraud statute, but leaves some questions

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 24 2014

On June 23, 2014, the U.S. Supreme Court clarified - and arguably expanded - the reach of the federal bank fraud statute. In Loughrin v. U.S