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Debt Collectors and Loan Servicers’ Clear Message from Eleventh Circuit’s Hunstein Decision - Use of Third-Party Vendor Could Violate FDCPA

USA - April 29 2021 In a unanimous decision with potentially far-reaching implications for the loan servicing and debt collection industries, the United States Court of…

Christopher S. Comstock, Megan S. Webster, Steven M. Kaplan, Thomas V. Panoff.

The Blurred Lines of Organizational Risk Management

USA - July 31 2020 On July 20, 2020, the Institute of Internal Auditors (“IIA”) finalized revisions to its three lines of defense (“3LOD”) model for risk management (now…

Jeffrey P. Taft, Matthew Bisanz, Megan S. Webster.

Holding Out for the HEROES - New Relief for Veterans and Servicemembers

USA - May 22 2020 On May 15, 2020, the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions Act (H.R. 6800, or the “HEROES…

Kris D. Kully.

PPPLF Now Open to Non-Banks and for Purchased PPP Loans

USA - May 1 2020 The Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”) is now available to non-bank PPP lenders to finance Paycheck…

Eric T. Mitzenmacher, Jeffrey P. Taft.

Federal Reserve Signals Progress Toward Desperately Needed Non-Bank Access to Paycheck Protection Program Liquidity Facility (PPPLF)

USA - April 30 2020 Non-bank lenders providing struggling small businesses a lifeline through forgivable Paycheck Protection Program ("PPP") loans may soon have access to…

Eric T. Mitzenmacher, Jeffrey P. Taft.