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  • Article

    Fall 2015 SBIC Debenture Coupon Rates Remain At Historical Lows In Largest SBIC Offering

    In 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 Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    FDIC Enforcement Actions Against Community Banks For Cyber Shortcomings

    The "American Banker" is reporting that the FDIC took action against eight companies in the final quarter of 2013 — most of which were community banks.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    H.B. 2067: A Statutory Method For Unilateral Rescission

    Section 16.038 of the Texas Civil Practice and Remedies Code codifies a procedure to unilaterally rescind or waive an acceleration by written notice.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    McGuireWoods Provides Comments to SEC on Say-on-Pay Proposals

    McGuireWoods has provided comments to the SEC on several aspects of the proposed rules to implement the Say-on-Pay provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Nasdaq To Allow Consulting Fees For Compensation Committee Members

    Nasdaq is changing its listing rules to allow compensation committee members to receive compensatory fees from a company when those fees are not for board service.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    New Year Brings New Enforcement Efforts Targeting Broker-Dealers

    On Dec. 23, SEC spokesman John Nester announced a new task force for scrutinizing broker-dealers.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    State Attorneys General Urge CFPB To Regulate Arbitration Clauses In Consumer Agreements

    Late last year, the attorneys general of California, New York, Illinois and 13 other states urged the CFPB to use its statutory authority to "regulate pre-dispute mandatory arbitration clauses in consumer agreements for financial products or services."
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Subsequent Mortgagee Excused From Face-To-Face Meeting

    The 5th U.S. Circuit Court of Appeals affirmed a favorable ruling for banks and loan servicers.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    U.S. Senate Introduces EXCEL Act To Increase Small Businesses' Access To Capital

    On June 6, 2012, Senate Small Business and Entrepreneurship Committee Chairwoman Mary Landrieu, backed by the committee’s ranking member Olympia Snowe, published the Expanding Access to Capital for Entrepreneurial Leaders (EXCEL) Act.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    U.S. Small Business Administration Issues 2012 Call For Early Stage Fund Managers

    The U.S. Small Business Administration (SBA) has issued a call inviting experienced early stage fund managers to submit the Small Business Investment Company (SBIC) Management Assessment Questionnaire (MAQ) for consideration by the SBA to be licensed as Early Stage Small Business Investment Companies.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Volcker Rule’s Impact On Bank Incentive Compensation Arrangements

    On December 10, 2013, the SEC, FDIC, OCC and Federal Reserve jointly approved the so-called Volcker Rule, prohibiting banking entities and certain nonbank financial institutions from engaging in proprietary trading or owning interests in or sponsoring certain hedge funds or private equity funds.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    White House Opposes Bill Giving Small Businesses Greater Voice In CFPB Rulemaking

    Currently, the CFPB does not consult with small businesses and lenders before adopting rules and regulations that affect them.
    United StatesFinance and Banking
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    10 Key Concepts From OIG’s Favorable Opinion On Co-Management Arrangements

    The Office of Inspector General has issued Advisory Opinion 12-22 which provides a favorable review of a co-management arrangement between a hospital and a group of cardiologists that included performance-based compensation for patient and employee satisfaction, quality, and cost-savings measures.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    2014 Food Industry Outlook - Environmental

    With a string of court decisions in 2013 upholding local ordinances banning or imposing a charge for the use of plastic bags, municipalities are now looking to expand the reach of such laws.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    50 Things To Know About Healthcare Costs

    A new column from Becker's Hospital Review identifies 50 things to know about healthcare costs.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    AHA Study: Hospitals Losing Substantial Money On Medicare And Medicaid

    It's no secret that while some U.S. hospitals are thriving, others are struggling under the weight of decreasing reimbursement, rising expenses and pressures relative to integrated care.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Budget Act Significantly Impacts Provider-Based Facility Reimbursement

    On November 2, President Obama signed into the law the Bipartisan Budget Act of 2015 (the "Act"), which contains language that will significantly change how hospital-based outpatient care is reimbursed.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    California Egg Producer Fails To Crack New Shelled Egg Law

    The Ninth Circuit recently upheld California’s Proposition 2, Cal. Health & Safety Code §§ 25990-25991, agreeing with the U.S. District Court for the Central District of California that the new shelled egg law is constitutional
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Castle Biosciences Secures $11.8 Million In Financing

    Castle Biosciences, headquartered in Friendswood, Texas, is a cancer-focused molecular diagnostics company which currently offers prognostic tests for patients.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    CMS Delays Meaningful Use Implementation

    CMS has announced it will extend the federal programs to encourage hospitals and physicians to adopt electronic health records — with Stage 2 now starting in 2015 and continuing through 2016, and Stage 3 beginning in 2017 for providers that have completed two or more years at that lower level.
    United StatesFood, Drugs, Healthcare, Life Sciences
    McGuireWoods LLP
    McGuireWoods LLP

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