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Results: 1-10 of 365

X-tra X-tra read more about it! First English Court Ruling on Class X Notes in European CMBS
  • Reed Smith LLP
  • United Kingdom
  • April 21 2016

As outlined in our previous blog, X-tra, X-tra, Real All About It! published on Friday 8 April, Mr Justice Snowden handed down judgment of the High


New decision on bank’s duties re interest rate swaps
  • Reed Smith LLP
  • Germany
  • April 1 2016

The 11th senate of the German Federal Supreme Court again had to deal with the duties of a bank recommending interest rate swap agreements. In this


Fourth Circuit Rules FDCPA Does Not Apply to Consumer Finance Company Collecting Debt on Its Own Behalf, Even if It Acquired the Debt After Default
  • Reed Smith LLP
  • USA
  • March 28 2016

Reed Smith secured a precedential victory in the Fourth Circuit for client Santander Consumer USA Inc., holding that the Fair Debt Collection


Following its Settlement with Wyndham, the FTC Launches Wide Scale Inquiry Into PCI Compliance Audits
  • Reed Smith LLP
  • USA
  • March 15 2016

In December 2015, the Federal Trade Commission (FTC) settled a drawn-out civil action it brought against Wyndham Worldwide Corporation (Wyndham) for


Germany’s Maple Bank Indemnification: Implications for Creditors
  • Reed Smith LLP
  • Germany
  • February 16 2016

On 12 February 2016, the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, orBaFin) declared Maple Bank


Going Back to 2011? CFPB Asserts No SOL for Administrative UDAAP Actions
  • Reed Smith LLP
  • USA
  • January 26 2016

On January 15, 2016, the Consumer Financial Protection Bureau ("CFPB") Office of Enforcement ("Enforcement") asserted that claims pursued in


Supreme Court’s Holding on Unaccepted Pre-Certification Offers of Judgment Resolves Some Issues, But Dissenting Justices Reveal a Ray of Hope for Defendants
  • Reed Smith LLP
  • USA
  • January 25 2016

As reported by our colleagues in a recent client alert (see U.S. Supreme Court Rules Unaccepted Offer of Judgment Does Not Moot Class Claims, Reed


FinTech Report: Summary of Responses to Treasury RFI on Marketplace Lending
  • Reed Smith LLP
  • USA
  • January 14 2016

On July 20, 2015, the US Department of the Treasury issued a Request for Information entitled “Public Input on Expanding Access to Credit through


Target agrees to $39 million settlement with credit card issuers’ data breach claims
  • Reed Smith LLP
  • USA
  • December 3 2015

Still recovering from its 2013 data breach, Target Corp. agreed to a $39 million settlement with a class of banks suing the well-known retailer


CFPB supervisory highlights - compilation of all nine editions from 2012-2015
  • Reed Smith LLP
  • USA
  • December 3 2015

The Consumer Financial Protection Bureau (CFPB or Bureau) supervises certain financial institutions and service providers to determine