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NY Federal Court: OCC Fintech Charters in Jeopardy

USA - May 22 2019 In a surprising decision, a New York federal district court not only refused to dismiss the New York Department of Financial Services' (DFS) challenge…

Anita L. Boomstein, Brian S. Korn

Federal Court: SBA’s PPP Ineligibility Rule Is Invalid

USA - May 18 2020 In a significant rebuke of the Small Business Administration (SBA), a Michigan federal district court has rejected the SBA’s attempt to deem a number…

Richard E. Gottlieb, John A. Kimble

California DBO Challenging Transactions as Disguised Loans

USA - January 23 2020 Potentially redefining the nature of a “loan,” the California Department of Business Oversight (DBO) is pursuing multiple enforcement efforts against…

Charles E. Washburn, Jr., Jan L. Owen

Ninth Circuit Follows McGill Decision, Cementing Arbitration Risk in California

USA - July 17 2019 The U.S. Court of Appeals for the Ninth Circuit has passed on an opportunity to fix the so-called McGill problem in California, affirming the denial…

Sharon B. Bauman

New Trend in Legislation: Interest Rate Caps

USA - June 5 2019 From California to Congress, new legislative proposals are attempting to crack down on interest rates. With interest rates historically set by…

Kay Fitz-Patrick, Charles E. Washburn, Jr.