By Jeffrey B. Steiner and Scott A. Weinberg | January 14, 2025
Since guaranties are important parts of most transactions, careful attention should be paid to selecting your guarantor, drafting the applicable loan document provisions and monitoring the status of your guarantor so that timely action can be taken if needed to make a claim against an estate.
By Riley Brennan | January 10, 2025
"By the plain language of § 1447(c), then, once the district court determined it lacked jurisdiction, it was required to remand the case to state court—which has congressional authority to hear it," Judge Amy St. Eve said.
By Alyssa Aquino | January 9, 2025
A three-judge panel found that the Helms-Burton Act contains a "merciless" two-year filing deadline that forecloses a series of lawsuits arising from financial transactions that took place between 2000 and 2010.
By James Palmer | December 26, 2024
Legal observers say Donald Trump's return to the White House brightens the outlook for Capital One's proposed $35 billion purchase of Discover, and may bring an end to financial regulators' crackdown on "off-channel" communications.
By Dan Novak | December 23, 2024
The Consumer Financial Protection Bureau sued Walmart and the payments platform Branch Messenger in federal court in Minnesota.
By Alyssa Aquino | December 23, 2024
U.S. District Chief Judge Virginia Kendall of the Northern District of Illinois found that a coalition of banking associations represented by Jones Day and Skadden, Arps, Slate, Meagher & Flom would likely show that the National Bank Act preempts the Illinois Interchange Fee Prohibition Act.
By Alyssa Aquino | December 20, 2024
The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at the banks lost more than $870 million to fraud since Zelle's inception.
By Sulaiman Abdur-Rahman | December 18, 2024
"It's a very serious list," Gibson, Dunn & Crutcher partner Adam Smith said of the Treasury Department's international sanctions list. "If you are on that list, there are very serious consequences that come with it."
By Brian Lee | December 17, 2024
A proposed regulation aims to assess nonbank mortgage lenders' equity in underserved communities, the New York State Department of Financial Services said.
By James Palmer | December 17, 2024
“The FDIC is the glue that holds the whole banking industry together. Getting rid of it is a very bad idea," said Bill Isaac, who was FDIC chair from 1981 and 1985.
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