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Supreme Court issues opinion on TILA rescission rights

USA - March 31 2015 We previously provided an update on developments concerning the right of rescission granted under the Truth in Lending Act ("TILA"). The United States…

CFPB proposes changes to increase mortgage lending in rural markets

USA - February 27 2015 The Consumer Financial Protection Bureau recently proposed amendments to regulations that would broaden the definition of "small creditor" in an…

Potential liability for quoting LIBOR rates

United Kingdom - February 27 2015 In drafting loan documents, banks frequently cite to an index rate as the source of the interest rate governing a particular loan. One of the most…

Commercial receivership bill introduced to Missouri Senate

USA - January 16 2015 On January 12, 2015, the Missouri Commercial Receivership Act was introduced to the Missouri Senate as SB 216. Currently, Missouri law regarding…

Legislation introduced to limit operation choke point

USA - November 26 2014 Missouri Representative Blaine Luetkemeyer recently introduced legislation to the U.S. House of Representatives seeking to require the Federal…