ArticleISDA And CCMC Recommend "Safe Harbor" For SEC-CFTC Swaps RegimesThe ISDA-CCMC paper provides a novel solution to what is a tricky regulatory problem.United StatesFinance and BankingHogan Lovells Cadwalader
ArticleLibor Discontinuation: Update For Floating Rate BorrowersThis alert provides a brief summary of a recent development that may impact borrowers that hedge floating rate debt. United StatesFinance and BankingHolland & Knight
ArticleMain Street Lending Program Update 07/06/20: Boston Fed Announces Main Street Lending Program Is Fully Operational, Open For Purchases Of 95% Participations In Main Street Program LoansThe Federal Reserve Bank of Boston on Monday, announced on July 6, 2020 that the Main Street Lending Program (MSLP) is now fully operational and ready...United StatesFinance and BankingSmith Gambrell & Russell
ArticleNJ District Court Underscores Limits Of "Safe Harbor" Protection Under Regulation FOn May 7, 2024, the United States District Court for the District of New Jersey issued a decision holding that the use by a debt collector of the Model Form validation notice under Regulation F...United StatesFinance and BankingMcGlinchey Stafford
VideoP2P Leader Lending Club's CEO Resigns: We've Seen The Last Of Good King Renauld (Video Content)The emerging Peer to Peer lending industry suffered a major shake-up this week, with Renaud Laplanche's resignation as CEO of Lending Club.United StatesFinance and BankingFox Rothschild LLP
ArticlePrivate Equity Investments In Bank Holding Companies: The Fed Expands And Clarifies OpportunitiesOn September 22, 2008, the Federal Reserve issued a new policy statement that expands the ability of private equity funds, hedge funds, and other investors to make meaningful investments in bank holding companies and banks without subjecting themselves to regulation under the Bank Holding Company Act of 1956 (the "BHC Act"). United StatesFinance and BankingJones Day
ArticleProskauer's Second Annual Survey On Trends In Private Credit MarketsProskauer released results from The Private Credit Group's market survey for 2018. The comprehensive survey features the predictions of top lending institutions, which complement the findings...United StatesFinance and BankingProskauer Rose LLP
ArticleSBA Launches Initiative For Impact Investing And Early Stage Seed FinancingThe U.S. Small Business Administration (SBA) recently announced that it will launch two different funds that will commit $2 billion over the next five years to match private capital raised by privately owned investment funds investing in promising startups and high-growth companies. United StatesFinance and BankingMcGuireWoods LLP
ArticleSEC Chairman Calls For A Fairer Wells Process: Reinforcing Due Process And Transparency In EnforcementSecurities and Exchange Commission (SEC) Chairman Atkins recently spoke at Fordham Law School for the "25th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities, and Financial Law"...United StatesFinance and BankingKatten
ArticleSEC Issues Exemptive Order Expanding Availability Of Five-Business Day Tender Offer Relief For Non-Convertible Debt SecuritiesThe SEC's Division of Corporation Finance has issued a new exemptive order allowing qualifying tender or exchange offers for non-convertible debt securities to remain open for just five business days instead of the standard 20-day period. This order supersedes previous relief from 2015 and expands the conditions under which issuers can utilize abbreviated offering periods. The relief aims to address market inefficiencies and reduce exposure to interest rate fluctuations while maintaining investor protectionUnited StatesFinance and BankingMayer Brown
ArticleSEC Reopens The Front Door For Small Cap Listings As First Regulation A+ IPO Trades On National ExchangeRegulation A reforms were then included in Title IV of the JOBS Act. United StatesFinance and BankingDuane Morris LLP
ArticleSmall Business Administration Grants Extension For Borrowers To Return PPP Loans Without PenaltyOn the evening of May 5, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, extended the date from May 7 to May 14, 2020 for...United StatesFinance and BankingORBA
ArticleTaper Your Enthusiasm – An UpdateThe debt markets have outperformed themselves during 2013, harkening back to the boom years of 2005 through 2007.United StatesFinance and BankingPepper Hamilton LLP
ArticleThe Surprisingly Broad Reach Of CA's Debt Collection Licensing Act: Applications Due By December 31Earlier this month, the California Department of Financial Protection and Innovation (DFPI) sent an email with the attention-grabbing subject line "Want to continue operating in California? You need to apply for a license with us."United StatesFinance and BankingManatt, Phelps & Phillips, LLP
ArticleTime To Review Shelf Registration StatementsAll public companies with effective shelf registration statements should review whether such registration statements will expire under the three-year refiling requirement adopted in 2005 as part of Securities Offering Reform.United StatesFinance and BankingDorsey & Whitney LLP
ArticleTrump Announces Support For Legislation To Cap Credit Card Interest Rates At 10% Per Annum For One YearWe recently blogged about President Trump's Truth Social post in which he announced his intent to impose a 10% per annum interest rate cap on credit cards...United StatesFinance and BankingBallard Spahr LLP
ArticleUnderstanding How The FTC Can Enforce Against Financial InstitutionsLaboring in the shadow of the Consumer Financial Protection Bureau ("CFPB") since 2011, the Federal Trade Commission ("FTC") has been an important...United StatesFinance and BankingHogan Lovells Cadwalader
ArticleWashington District Court Awards $60,000 In Emotional Distress Damages To Plaintiffs In FDCPA CaseIn Johnson v. Columbia Debt Recovery, a Washington district court awarded each plaintiff $30,000 in emotional distress damages under the Fair Debt Collection Practices Act (FDCPA)...United StatesFinance and BankingTroutman Pepper Locke LLP
ArticleWhat To Know About Debts Initiated By The DoD And Your RightsMilitary members and Department of Defense employees can occasionally find themselves owning a debt to the DoD as a result of the overpayment of pay or allowances, or early separation prior to fulfilling service.United StatesFinance and BankingTully Rinckey
ArticleRepost: Dewonkify – Debt CeilingThe statutory authority given by the Congress to the U.S. Treasury to borrow a certain amount of money and/or issue securities to fund the operations of the federal government.United StatesGovernment, Public SectorDrinker Biddle & Reath LLP