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Landmark Decision from California’s Supreme Court Confirms Limitation on Ability to Assert Tort Claims Against Lenders

USA - March 22 2022 A recent, important decision from California’s Supreme Court clarifies lender liability in connection with servicing loans in default and limits a…

Michael H. Bornhorst, Krista Cooley, Lucia Nale, Bronwyn F. Pollock

The United States Adopts a Federal LIBOR Transition Solution

USA - March 17 2022 With the inclusion of the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”) as Division U of H.R. 2471, Consolidated Appropriations Act, 2022…

David K. Duffee, J. Paul Forrester, Mary Jo N. Miller, Andrew Olmem, Brennan W. Young

CFPB Issues Final Rule Addressing LIBOR Transition

United Kingdom, USA - December 8 2021 On 7 December 2021, the Consumer Financial Protection Bureau (“CFPB”) issued a Final Rule to facilitate LIBOR transition, via amendments to Regulation…

Clare E. Myers

Financial Regulators Clarify Key LIBOR Transition Considerations But Some Questions Remain

USA - October 20 2021 On 20 October 2021, in a Joint Statement on Managing the LIBOR Transition, the Board of Governors of the Federal Reserve System, Consumer Financial…

J. Paul Forrester, Mary Jo N. Miller, Clare E. Myers

Debt Collection During and After the Pandemic: Do Certain US Legislators and Agencies Seek a Debt Collection Ice Age?

USA - May 21 2020 As the COVID-19 pandemic rages on, state and federal lawmakers have taken aggressive measures to protect the health and economic security of their…

Colleen M. Couture, Anjali Garg, Steven M. Kaplan, Eric T. Mitzenmacher