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Daily Business Review

HSBC Challenges Foreclosure Dismissal Amid Claims of 'Unclean Hands'

Defeating a motion to dismiss, HSBC Bank USA N.A. can move ahead with its appeal of part of a circuit court ruling that left it facing sanctions for "unclean hands" in a foreclosure case.
9 minute read

Corporate Counsel

Not Everyone Is Happy About Latest Fintech Charter Proposal

Public comments are now available on a new set of draft guidelines dealing with special purpose bank charters for fintechs.
8 minute read

Supreme Court Brief

Banks, Finance Companies Fret Over Sweep of Debt Collection Law

Banks, retailers, finance companies and other entities that buy and sell loans are sounding alarms about a U.S. Supreme Court case that could bring them under the regulatory eye of a 1977 law that prohibits certain debt collection practices.
13 minute read

Daily Business Review

Fla. Appeals Court Revives Suit Against Bank of America

The court looked leniently on the suit from a pro se plaintiff who claimed the bank illegally locked her out of her Miami home without a foreclosure judgment.
4 minute read

Daily Business Review

$17.4M Judgment Caps Long-Fought Ponzi Scheme Litigation

After a confidential settlement with Wells Fargo, plaintiffs attorneys secured a $17.4 million judgment against a company founder who admitted to fraud.
6 minute read

Daily Report Online

How a Georgia Company Emerged as a 'Major Opponent' to CFPB

Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.
14 minute read

National Law Journal

How a Prepaid Card Company Emerged as a 'Major Opponent' to CFPB

Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.
15 minute read

National Law Journal

Supreme Court May Clip SEC's Enforcement Power

A case argued Tuesday considers whether the use of "disgorgement" by the U.S. Securities and Exchange Commission should be considered a penalty subject to a five-year statute of limitations.
8 minute read

Daily Business Review

'Sequestering' Condo Rental Income Improper Without Pleading, Appeals Court Rules

Deutsche Bank National Trust went too far when it "sequestered" rental income from a condominium in foreclosure, Florida's Third District Court of Appeal found.
7 minute read

Delaware Business Court Insider

Chancery Court Tosses Derivative Suit Over Loans to LLC

The Delaware Court of Chancery on April 14 dismissed a derivative lawsuit by a creditor of a limited liability company, who tried to dissolve the firm in connection with allegations that its managing members had defrauded lenders and drained the company's assets.
3 minute read

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