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HTMLCFPB Enforcement Action against "Buy-here, Pay-here" Auto Dealer
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
February 17, 2015, previously published on December 03, 2014
On Nov. 19, the CFPB entered into a consent order with a “buy-here, pay-here” auto dealer to settle allegations of illegal debt collection practices and improper credit reporting practices. In addition to selling vehicles, such dealers also originate, hold and service the financing...

 

HTMLA Wellness Check for Bankruptcy: Confusion Reigns
G. Ray Warner; Greenberg Traurig, LLP;
Legal Alert/Article
February 17, 2015, previously published on January 20, 2015
Last week’s Supreme Court arguments on bankruptcy jurisdiction in Wellness Int’l Network Ltd. v. Sharif, No. 13-935 (S.Ct.), are enough to strike fear into the heart of any bankruptcy buff. What emerges from the transcript of the oral arguments is, in a word, confusion. This bodes ill...

 

HTMLCFPB Observer: Recent Developments from Nov. 17-28, 2014
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
February 17, 2015, previously published on December 03, 2014
Require servicers to provide certain borrowers with CFPB’s required foreclosure protections more than once over the term of the loan. Under existing regulations, a servicer need only provide certain protections, such as the right to be evaluated for loss mitigation options, once during the...

 

HTMLA First Look at New York City’s Next Generation of Entrepreneurs
Joseph C. Gangitano; Greenberg Traurig, LLP;
Legal Alert/Article
February 16, 2015, previously published on December 9, 2014
It was great to see the New York entrepreneurial community and the next generation of entrepreneurs gather at this year’s Columbia Business School (CBS) Fall Venture Fair, which was held on Wednesday, Oct. 29, 2014. Approximately 40 student business teams were showcased to more than 100 guest...

 

HTMLFlorida: Pre-filed Bills Propose Tax Cuts in Three Areas
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
February 13, 2015, previously published on December 11, 2014
At the end of Jan. 2014, Florida Gov. Rick Scott released his “It’s Your Money Tax Cut Budget” for fiscal year 2014-2015. As he repeated when he unveiled his budget, Gov. Scott’s tenure has focused on cutting taxes, reducing spending, and reducing debt. It is, therefore, not...

 

HTMLAnother Step in Making Connecticut More Business Friendly
Andrew C. Glassman; GrayRobinson P.A.;
Legal Alert/Article
February 13, 2015, previously published on December 29, 2014
The year 2014 saw innovation by the state Legislature with its passage of the Model Entity Transactions Act (META) and the Social Benefit Corporation Act (SBCA). The Business Law Section of the Connecticut Bar Association was instrumental in shepherding these acts through the legislative process to...

 

HTMLNew SEC Guidance Adds Flexibility to BDC Co-Investing
Steven B. Boehm, Cynthia M. Krus, John J. Mahon, Anne G. Oberndorf, Harry S. Pangas; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on December 8, 2014
The U.S. Securities and Exchange Commission (SEC) Division of Investment Management (the Division) just published guidance that will permit business development companies (BDCs) to co-invest with certain persons considered affiliates without obtaining exemptive relief. Under the Investment Company...

 

HTMLRinging in the New Year: TCPA Hot Issues for 2015
Keith J. Barnett, Thomas M. Byrne, Ellen M. Dunn, Juan C. Garcia, Allegra J. Lawrence-Hardy; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 13, 2015, previously published on January 16, 2015
The year 2014 saw a surge in class action filings under the Telephone Consumer Protection Act (TCPA). Record-setting class action settlements captured the headlines. The Federal Communications Commission (FCC) provided guidance on some issues, but unsettled law in other areas placed a compliance...

 

HTMLHow Can Turkish Banking Cope With The Changing Global Banking Dynamics?
Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
February 11, 2015
2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus, accompanied by a lax regulatory regime came to create one of the biggest financial disasters after...

 

HTMLNew Regulation For The Turkish Banking Industry: Towards A Healthy Synthesis Between The Banks And The Customers
Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
February 11, 2015
Turkish banking industry is considered one of the strongest in Europe. The crisis ridden global banking industry had experienced numerous difficulties following the 2008 market collapse, but Turkish banking industry had survived the crisis with relatively insignificant scars. The industry emerged...

 


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