Search Results (5585)
Documents on banking law
Show: results per page
|The Jobs Act - Final Rules Finally - Three Key Takeaways|
Peter E. Reinert, Adama Remillard; Lowndes, Drosdick, Doster, Kantor & Reed Professional Association;
August 10, 2016, previously published on July 20, 2016The JOBS Act has finally been laid to rest, and the much anticipated final rules-by all accounts-delivered. As the dust settles, issuers and investors should make note of three key takeaways:
|10th Cir. Ruling Extends Application of CO's Unreasonable Delay/Denial Statute to Underwriting|
Lisa F. Mickley, Stephanie A. Montague; Hall & Evans, LLC;
August 10, 2016, previously published on July 6, 2016The Tenth Circuit’s July 5, 2016 ruling in The Home Loan Investment Company v. The St. Paul Mercury Insurance Company significantly expands the application of Colorado’s Unreasonable Delay or Denial Statute, holding that the statute is not limited to claims handling, but also applies to...
|Three Takeaways from the Recent Settlement in CFPB v. Bancorpsouth|
Thomas E. Walker; Brunini, Grantham, Grower & Hewes, PLLC;
August 5, 2016, previously published on July 22, 2016There were many things from the recent settlement of Fair Lending and Fair Housing Claims against BancorpSouth that didn’t surprised me (see United States of American and Consumer Financial Protection Bureau v. BancorpSouth Bank, Case No. 1:16cv118-GHD-DAS, U.S. District Court for the...
|Cautionary Tale: Late Fees in Loan Documents Might Not Hold Up in Court|
Matthew Gerald DiMeglio; Lerch, Early & Brewer, Chartered;
August 5, 2016, previously published on July 20, 2016Banks and their attorneys go to great lengths to protect the lenders in case a nborrower fails to repay a loan. Sometimes, a court recently decided, those efforts go too far.
|It’s a Mad, Mad, Madden World|
Scott A. Cammarn; Cadwalader, Wickersham & Taft LLP;
August 5, 2016, previously published on June 29, 2016On Monday, June 27, 2016, the Supreme Court of the United States denied the petition for certiorari in Midland Funding LLC v. Madden, No. 15-610. The Supreme Court’s denial leaves intact the unusual - and troubling - decision by the U.S. Court of Appeals for the Second Circuit, Midland...
|All Is Good With Bad Boy Guaranties|
Douglas Turner Coats, Y. Jeffrey Spatz; Gordon Feinblatt LLC;
August 5, 2016, previously published on April 2016Implicitly overruling its conclusion in memorandum 201606027 dated February 7, 2016 (the "Prior Memorandum"), on March 31, 2016, the Internal Revenue Service (the "Service") Office of Chief Counsel released memorandum 2016-001 (the "Memorandum") which concludes that...
|Fourth Circuit Case on Modification of Residential Mortgage|
Ron Jones; Nexsen Pruet, LLC;
August 5, 2016, previously published on May 9, 2016The Fourth Circuit has held that in a case where the rate of interest on a residential mortgage loan had been increased upon default, a Chapter 13 Plan proposing to “cure” default under 11 U.S.C. §1322(b) is an impermissible modification barred by §1322(b)(2).
|Should Lenders Agree to Requests to Remove Late Fees From Promissory Notes?|
Lawrence G. Lerman; Lerch, Early & Brewer, Chartered;
August 5, 2016, previously published on July 26, 2016It is very common for a promissory note to provide that if a payment is not made within a certain number of days after the due date, the borrower will owe a late fee of 5 percent of the delinquent payment. That late fee can become very costly when the note is not self-amortizing and has a balloon...
|BSA/AML: The More Things Stay the Same, the More They Change|
Craig N. Landrum; Jones Walker LLP;
July 30, 2016, previously published on July 7, 2016On May 11, the Financial Crimes Enforcement Network (FinCEN) released a final rule on new customer due diligence (CDD) requirements for financial institutions, including banks and broker/dealers. Because of the potential compliance challenges the new rules impose, the requirements do not become...
|Florida Second District Court of Appeal Weighs In on Consumer Collection Practices Laws|
Duane Morris LLP;
July 30, 2016, previously published on February 3, 2016Many states have enacted consumer collection practices laws that impose additional hurdles for lenders in their efforts to collect debts and foreclose mortgages. A Florida appellate court has just addressed what it considers may be a case of first impression in Florida: whether a collection...