2,228 results found

The Federal Reserve Board ("FRB") provided additional information on borrower and collateral eligibility for the Term Asset-Backed Securities Loan Facility ("TALF").

On June 25, a group of collection agencies, law firms, and industry associations filed a lawsuit against the Nevada State Commissioner requesting the Court declare invalid Nevada Senate Bill 248...

IRS Proposes Narrowing Debt Recast Rules

A Michigan federal court has granted final approval of a class action settlement against a creditor law firm and affiliated debt buyers over allegedly excessive post-judgment interest charges in debt collection proceedings. The case centered on whether a 13% interest rate—Michigan's maximum for judgments on written instruments—was improperly applied to judgments that did not involve written instruments. Eligible class members whose judgment balances were reduced to zero will receive $150 monetar

COVID-19 has acted as an accelerator, bringing into play scenarios which were previously only contingencies and making contingencies of (and requiring planning for) situations which were previously barely imaginable.

The National Futures Association ("NFA") amendments to the disclosure document that broker-dealers send to customers who trade in security futures products will become effective on October 12, 2018.

On May 26, 2022, the North Carolina Attorney General (NC AG) announced that it obtained a default judgment against a California-based debt settlement business, and its proprietor.

On Wednesday, July 8th Oz Halabi, Chair of the U.S. Tax Group, and Guy Milhalter, Corporate and Licensing Group Partner in Pearl Cohen's New York office...

On Friday, January 19, 2018, the Securities and Exchange Commission ("SEC") announced that "should there be a federal government shutdown after January 19, the SEC will remain open ...

On December 2, Fitch updated its criteria for rating prepaid energy transactions. On December 1, Fitch released updated criteria for grant anticipation revenue vehicles (GARVEE) bonds.

Join our panel of Shearman & Sterling partners as they discuss large cap and direct lender perspectives from the unique position of having both borrower and lender side capabilities...

A United States District Judge in Washington has ordered the SBA to now release the names and other information of all Paycheck Protection Loan borrowers.

Last week, the United States Senate passed an extension of the Mortgage Debt Forgiveness Act.

The U.S. Court of Appeals for the Second Circuit denied a request by participating bondholders in 2005 and 2010 restructurings of the Republic of Argentina’s defaulted bond debt to have New York State’s highest court resolve a dispute with holdout bondholders regarding the meaning of an "equal treatment" or "pari passu" clause in the original bond indenture.

On November 1, 2013, in a summary order without explanation, a three-judge panel of the U.S. Court of Appeals for the Second Circuit refused to lift a stay of execution, pending possible en banc or U.S. Supreme Court review, of its August 23, 2013, ruling upholding a lower court’s order directing Argentina to pay holdout bondholders $1.33 billion.

The CFPB's rules will be the first set of comprehensive regulations implementing the FDCPA since it was enacted in 1977.

Benoit Lavigne and John Burge were guests on Reorg's Covenant Conversations podcast, discussing the evolution of direct lending structures, trends, documents, and potential future developments.

On April 1, 2016, the Federal Reserve Board finalized a rule to include certain U.S. general obligation state and municipal securities in the type of assets that financial institutions may use...