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Daily Report Online

Small Businesses Begin Filing Class Actions Against Equifax

Consumers aren't the only ones suing over the Equifax data breach: Small businesses, including a law firm and a credit union, want to recoup financial losses tied to the massive cyberattack.
5 minute read

New York Law Journal

State Orders Payday Lender, Collector to Forgive $12M in Debt

A settlement between the New York state Department of Financial Services and a payday loan debt collector and a loan servicer requires them to forgive $12 million in debt for New York consumers.
7 minute read

Legaltech News

Small Businesses Begin Filing Class Actions Against Equifax

A law firm and a credit union want to recoup financial losses tied to the massive cyberattack.
5 minute read

New York Law Journal

Treatment of Make-Whole Premiums in Bankruptcy: A Bondholder Perspective

Courts have generally found that make-whole provisions do not provide for the payment of unmatured interest, nor are they unenforceable liquidated damages provisions. It would behoove the court in 'Ultra Petroleum' to continue the precedent on these issues, because failure to do so would call into question the ever-important principle that when evaluating documents governed by New York law, courts will generally defer to the mutual intent of the parties as manifested within the four corners of the document.
7 minute read

Daily Business Review

Wall Street Exhales After Venezuela Makes Another Bond Payment

Investors in Venezuelan securities are breathing a sigh of relief after the government once again made good on its promise to pay foreign bondholders.
4 minute read

Legaltech News

EU Financial Market Compliance a Matter of What, Not If, Technology Can Help

The new MiFID II regulation, set to go into effect January 3, looms for financial organizations that have yet to figure out how they will retain business…
5 minute read

Daily Business Review

$101 Million Wells Fargo Loan Funds North Miami's SoLeMia Apartments

The loan is for construction of two 17-story apartment buildings as part of the much larger SoLeMia Miami project.
2 minute read

Legaltech News

EU Financial Market Compliance a Matter of What, Not If, Technology Can Help

The new MiFID II regulation, set to go into effect January 3, looms for financial organizations that have yet to figure out how they will retain business communications.
5 minute read

Daily Business Review

GOP Report Accuses Watchdog of Going Easy on Wells Fargo

The Consumer Financial Protection Bureau could have fined Wells Fargo in excess of $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by congressional Republicans this week.
4 minute read

Daily Business Review

US Advises Banks To Be on Lookout for Venezuelan Corruption

The U.S. Treasury is advising banks to be on the lookout for suspicious financial activity involving corrupt Venezuelan officials as the Trump administration tightens its financial noose around President Nicolas Maduro's embattled socialist government.
3 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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