We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 545

Federal bank regulators issue final statement on subprime mortgage lending
  • Reed Smith LLP
  • USA
  • July 12 2007

On June 29, 2007, the federal bank regulators issued their Final Guidance on Subprime Mortgage Lending (the “Final Guidance”


Arbitration agreements that permit mortgage lenders to initiate foreclosure in court are enforceable in Pennsylvania
  • Reed Smith LLP
  • USA
  • July 31 2007

In a much-anticipated ruling on the applicability of the unconscionability doctrine to arbitration clauses in consumer loan contracts, the Pennsylvania Supreme Court has rejected the anti-business, anti-arbitration approach taken by some of the lower courts in Pennsylvania


Interagency statement makes Bank Secrecy Act more consistent
  • Reed Smith LLP
  • USA
  • July 25 2007

This Reed Smith Bulletin summarizes the Interagency Statement on Enforcement of Bank Secrecy ActAnti-Money Laundering Requirements (the “Statement”), which was issued July 19, 2007


Basel II
  • Reed Smith LLP
  • USA
  • July 20 2007

On Friday, July 20, the four Federal Banking Agencies, FRB, OCC, OTS and FDIC ("Agencies"), announced that they had reached an agreement on how to implement the Basel II risk-based capital rules in the United States


NJDOBI issues bulletin addressing mortgage loan commitments and proposes revisions dedicated funding assessment rules
  • Reed Smith LLP
  • USA
  • July 16 2007

This Reed Smith Bulletin summarizes two recent pronouncements of the New Jersey Department of Banking and Insurance (the “NJDOBI”


Justice Department reaches agreement requiring divestitures in merger of First Busey Corporation and Main Street Trust
  • Reed Smith LLP
  • USA
  • July 10 2007

The Department of Justice has announced that First Busey Corporation and Main Street Trust Inc. have agreed to sell five branch offices with approximately $110 million in deposits in Champaign County, Ill., in order to resolve antitrust concerns about the companies' pending merger


Existing guaranty extinguished by refinancing
  • Reed Smith LLP
  • USA
  • September 13 2007

Lenders take notea state court has held that in some circumstances a refinancing transaction can extinguish an original guarantee


Loan buyer not liable to participants when lead bank fails to pay
  • Reed Smith LLP
  • USA
  • September 13 2007

What if a loan buyer knows that the lead bank does not have the right to sell the loans to the buyer?


Dragnet clause is enforceable
  • Reed Smith LLP
  • USA
  • January 31 2008

The U.S. Court of Appeals for the Seventh Circuit has held that a dragnet clause within a master security agreement was effective, even though a subsequent loan agreement remained silent as to whether pre-existing collateral secured the new advance


U.S. Department of the Treasury announces further executive compensation restrictions for financial institutions participating in the TARP
  • Reed Smith LLP
  • USA
  • February 6 2009

On February 4, 2009, the U.S. Department of the Treasury (“Treasury”) announced enhanced conditions on executive compensation for executives of financial institutions that (i) receive “exceptional financial recovery assistance” or (ii) participate in a “generally available capital access program” that Treasury announces in the future