ArticleCFPB Debt Collection Regulations Will Go Into Effect On November 30The effective date of two final rules remains November 30, 2021.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleCFPB Enters Consent Order Over Student Loan Debt Relief ServicesOn May 20, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with a California-based telemarketer that offered student loan...United StatesFinance and BankingGoodwin Procter LLP
ArticleCFPB Settles Claims Against Operator of Training Program for Activities Arising out of Income Share AgreementsOn November 20, the CFPB, along with 11 state attorneys general and state regulators, entered into a stipulated final judgement and order with a Delaware-based company and two affiliated companies...United StatesFinance and BankingSheppard
ArticleCFTC No-Action Reinstates Broad Registration Exemption For Institutional CPOs, Pending Further ActionOn Friday, December 19, the Staff of the Commodity Futures Trading Commission's (CFTC) Markets Participant Division published a new no-action letter – CFTC Staff Letter 25-50...United StatesFinance and BankingKatten
ArticleCompany Settles CFPB Charges For Steering Consumers Toward High-Cost LoansAn online debt-settlement company settled CFPB allegations that the company "steered" consumers toward high-cost loans offered by affiliated lenders and failed to disclose affiliations with creditors.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleConvertible Debt Terms – Survey Of Market Trends 2019/2020The convertible debt market has remained remarkably stable over the last 15 months, despite considerable economic uncertainty related to the COVID-19 pandemic. United StatesFinance and BankingFenwick
ArticleEONIA Review ShelvedIn February 2, 2018, the administrator of the Euro OverNight Index Average, the European Money Markets Institute, announced its decision not to pursue a thorough review of the EONIA benchmark. United StatesFinance and BankingA&O Shearman
ArticleEuropean Commission Republishes CMU Report On Addressing National Barriers To Capital FlowsThe European Commission has republished a report as part of its Capital Markets Union (CMU) initiative on addressing national barriers to capital flows.United StatesFinance and BankingOrrick
ArticleFall 2015 SBIC Debenture Coupon Rates Remain At Historical Lows In Largest SBIC OfferingIn September 2015, the SBIC Funding Corporation completed a pooling of SBA debentures in the amount of nearly $1.2 billion, the largest pooling in the program's 56-year history.United StatesFinance and BankingMcGuireWoods LLP
ArticleFederal Reserve Board Acts to Bring Regulation O Into ComplianceThe Federal Reserve Board has adopted an interim rule to bring Regulation O—its regulation dealing with bank insider lending—into conformance with Section 601 of the Financial Services Regulatory Relief Act of 2006, which was enacted Oct. 13, 2006. United StatesFinance and BankingReed Smith
ArticleFederal Reserve Expands And Revises Terms Of The Main Street Lending ProgramOn April 30, 2020, the Federal Reserve announced that it was taking additional actions to expand the scope of, and access to, the Main Street Lending Program ("MSLP"). United StatesFinance and BankingCahill Gordon & Reindel LLP
ArticleFederal Reserve Releases Updated Main Street Lending Program FAQs, Form DocumentsThe Federal Reserve Board issued updated Frequently Asked Questions (FAQs) for the Main Street Lending Program (MSLP) loans on May 27, 2020.United StatesFinance and BankingHolland & Knight
ArticleFRB Adopts TLAC Final Rule And Clean Holding Company Requirements For GSIBsThe Board of Governors of the Federal Reserve System ("FRB") adopted a final rule to require U.S. top-tier bank holding companies.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleFTC Bans Operators Of Alleged Debt Relief Scam, $5.3M PenaltyOn February 28, the FTC announced that the operators of an alleged credit card interest rate reduction scam will be permanently banned from the debt relief industry as part of court orders resolving charges by the FTC...United StatesFinance and BankingSheppard
ArticleICMA Guide To The European Corporate Debt Private Placement MarketOn October 25, 2016, the International Capital Market Association ("ICMA") published the European Corporate Debt Private Placement Guide (the "Guide"). United StatesFinance and BankingOrrick
ArticleIn Re: Raymond James & Associates, Inc., Et Al., No. 2014043592001: Affiliates Of Financial Services Company Agree To Pay $17 Million Fine For Alleged Failure To Maintain Adequate Anti-Money Laundering ControlsFINRA reached a settlement with Raymond James & Associates, Inc., Raymond James Financial Services, Inc., pursuant to which RJA and RJFS agreed to pay $17 million in fines...United StatesFinance and BankingA&O Shearman
ArticleIndustry Associations Provide Feedback On SEC Mutual Fund Disclosure FrameworkSeveral industry associations commented on the SEC mutual fund disclosure framework. United StatesFinance and BankingHogan Lovells Cadwalader
ArticleISS Issues FAQs On Director Qualification/Compensation BylawsYesterday, ISS issued FAQs explaining its views on director qualification/compensation bylaws. United StatesFinance and BankingDuane Morris LLP
ArticleLeveraged Finance Briefing: US Vs EU TLB Vs HY: Apples And Oranges?As the English law EU covenant lite TLB market develops, how different are English covenant lite TLB deals to their New York law counterparts, and how much have both instruments moved towards the high yield bond market?United StatesFinance and BankingMilbank