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Financial Services Blog Blog

Articles: 1-10 of 83

Supreme Court Resolves Circuit Split Over Application of Section 546(e) to Transactions Involving Conduits

USA - May 31 2018 The Supreme Court’s recent decision in Merit Management Group, LP v. FTI Consulting, Inc., 138 S.Ct. 883 (2018), held that transfers made by or to…

Congress Passes Repeal of CFPB Guidance on Indirect Auto Lender Liability for Discriminatory Lending

USA - May 16 2018 The U.S. House of Representatives voted last Tuesday to reject a 2013 Consumer Financial Protection Bureau (CFPB) bulletin that provided guidance…

Eleventh Circuit Sides with Wells Fargo on Post-Class Certification Motion to Compel Arbitration

USA - May 14 2018 Wells Fargo achieved a significant victory on Thursday in decade-old litigation over allegedly unlawful overdraft fees when the Eleventh Circuit held…

CFPB Auto Lending Rule May Be on the Way Out

USA - April 30 2018 An Obama-era regulation intended to restrain discriminatory lending practices by automobile lenders appears to be on its way out. On April 18, under…

Mulvaney Issues Report Outlining Proposals to Reform CFPB

USA - April 17 2018 Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued its Semiannual Report (the “Report”) to the President and Congress...

Tax Reform’s Impact on Financing Strategies

USA - April 4 2018 As more of the dust settles after the December 2017 passage of the Tax Cuts and Jobs Act, P.L. 115-97, borrowers and lenders alike are reconsidering…

Banks, Broker-Dealers and Other Financial Institutions Face May 11 Deadline To Comply with FinCEN’s Customer Due Diligence Rule

USA - April 2 2018 Six years after the Financial Crimes Enforcement Network (FinCEN) originally proposed its Customer Due Diligence (CDD) Rule, the deadline for…

Florida Passes Bill to Stop Bankruptcy Debtors From “Having Their Cake and Eating It Too”

USA - March 26 2018 On March 20, Florida Governor Rick Scott signed Senate Bill 220 into law. The bill is designed to limit the ability of defendants in foreclosure…

FTC Reaches Settlement With Debt Collector; Imposes Financial Penalties and Other Remedies

USA - December 29 2017 On Dec. 5, 2017, the Federal Trade Commission reached a settlement with three defendants who it alleged partook in deceptive, abusive and unfair debt…

SEC Acts on Cryptocurrencies and ICOs

USA - December 14 2017 In the past few years, and particularly in the past few months, cryptocurrencies or digital currencies - most notably bitcoin and ether - have surged…