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Cooley LLP
Purchase price adjustment mechanisms are common in private M&A transactions to determine the final price to be paid by the buyer. However, the manner in which the price adjustment...
Lewis Brisbois Bisgaard & Smith LLP
On July 22, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued two new Russia-related General Licenses (GLs) authorizing certain financial transactions...
Jones Day
Bruce Bennett, a partner in the Los Angeles and New York offices, has been at the helm of many of the largest corporate reorganizations in the United States.
Sheppard Mullin Richter & Hampton
On July 15, the California DFPI released draft text for a proposed second rulemaking under the Debt Collection Licensing Act (DCLA) relating to the scope, annual report, and bond amount...
Venable LLP
The DFPI is soliciting public comments on the proposed rule until Monday, August 29, 2022.
McGlinchey Stafford
Continuing a recent trend of highlighting potential unfair and deceptive acts or practices (UDAAP) within the auto loan servicing industry, the Consumer Financial Protection Bureau (CFPB) recently issued a new blog post focusing on the Servicemembers Civil Relief Act (SCRA).
Foley & Lardner
The economic turmoil of the past six months caused by everything from inflation to interest rate increases to supply chain disruption, not to mention large scale war...
Sheppard Mullin Richter & Hampton
On June 29, the CFPB issued an advisory opinion affirming that the Fair Debt Collection Practices Act (FDCPA) and Regulation F prohibit debt collectors from collecting pay-to-pay...
Shearman & Sterling LLP
On July 6, Delaware Bankruptcy Court Judge Craig T. Goldblatt issued a memorandum opinion in the bankruptcy cases of TPC Group, Inc., growing the corpus of recent court decisions tackling "uptiering" and other ...
Miller, Canfield, Paddock and Stone P.L.C.
Congress has made some small but important changes to the Bankruptcy Code through its enactment of the Bankruptcy Threshold Adjustment and Technical Corrections Act (the "Act")...
Miller, Canfield, Paddock and Stone P.L.C.
On June 15, 2022, Michigan Governor Gretchen Whitmer signed legislation amending Act 57, Public Acts of Michigan, 1988 ("Act 57"), to authorize an emergency services authority, established under Act 57...
McGlinchey Stafford
In this appeal, the Court of Appeals for the Sixth Circuit reversed and remanded the District Court for the Northern District of Ohio's decision, finding the debt collector violated the Fair Debt Collection Practices Act...
Cooley LLP
On June 29, 2022, the Consumer Financial Protection Bureau issued an advisory opinion declaring that the Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors...
Sheppard Mullin Richter & Hampton
On June 15, CFPB Deputy Director Zixta Martinez delivered a keynote address to the Consumer Federation of America's 2022 Consumer Assembly.
Venable LLP
The Consumer Finance Protection Bureau ("CFPB") issued an advisory opinion warning debt collectors that they may be collecting illegal fees from consumer-borrowers. Specifically, ...
Jeffer Mangels Butler & Mitchell LLP
I recently attended the Kayo Women's Credit & Debt Finance Summit in Boston, Massachusetts. What that summit revealed was a number of financing trend insights that JMBM is starting to see as well.
Ward and Smith, P.A.
If a business engages in bad behavior like intentional interference with contract and tortious interference with business relations, then it may not use Subchapter V of Chapter 11...
Mayer Brown
In a recent opinion issued in LCM XXII Ltd. v. Serta Simmons Bedding, LLC, No. 21-CV-3987, 2022 WL 953109 (S.D.N.Y. Mar. 29, 2022), US District Judge Katherine Failla of the Southern District of New York...
Ward and Smith, P.A.
In a welcome feat of bipartisanship, Congress passed a bill to restore the Subchapter V debt limit to $7.5 million, and President Biden signed it into law on June 21.
Sheppard Mullin Richter & Hampton
On June 9, the CFPB filed a complaint and proposed order in California federal district court seeking final judgment against the owner of a student loan debt relief company for allegedly withdrawing more than $240,000...
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