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- Consumer Financial Protection Bureau (“CFPB”) Continues to Focus on Informed Decisions
This month the Consumer Financial Protection Bureau (“CFPB”) prevailed on a motion to dismiss brought by Navient, which was founded, at least partially, on constitutional challenges. The case is Consumer Fin. Prot. Bureau v. Navient Corp. (M.D.Pa. Aug. 4, 2017, No. 3:17-CV-101) 2017 U.S.Dist.LEXIS 123825.
- Mortgage Closing Disclosure Rules
Disclosure is vital in real estate, mortgages and all other manner of transactions. When the disclosures are not performed correctly, it is possible that severe complications may arise, and legal action may transpire. However, there are several guidelines and rules that should be adhered to so that these difficult situations may be averted.
- 6 Circumstances Where an LLC or Corporation Won’t Provide Asset Protection for Personal Wealth
Many business owners establish their enterprises as a limited liability company (LLC) or corporation for asset protection purposes.
- Should Bankruptcy Stop You from Getting a Personal Loan?
Bankruptcy is not the end of the road in getting a loan. It’s neither a financial slaughter house. The old golden days when one would lose hope and feel miserable after filling a bankruptcy case are gone
- What to Do When Your Business Bank Deposit Goes Missing
A common business practice for retail stores and other establishments is to have a manager or other agent of the business deposit all cash and check after the close of the business day. This is often completed after the bank has already closed. The agent usually drops a pouch in a deposit box for this purpose.
- What Is a Loan Modification Lawyer?
Loan modifications are most commonly made to mortgages, often because homeowners are having difficulty making mortgage payments. A loan modification lawyer restructures an existing contract to modify the repayment terms of a loan.
- What if I Ignore a Florida Credit Card Lawsuit?
After served with a Florida Credit Card lawsuit, depending on the balance alleged by the creditor or debt buyer, the Defendant has to either: File a written response to the lawsuit within 20 days (balance over $5,000), or Attend a small claims pretrial/mediation conference (balance under $5,000).
- Bank Liability for Honoring Check
A bank has a legal duty to pay most of the checks that its customers write. However, there are instances in which the bank should not make a payment, based on the Uniform Commercial Code or the bank deposit agreement it has with its customer.
- 5 Common Defenses to a Credit Card Lawsuit
Five Common Defenses to a Credit Card Lawsuit include reviewing consent orders, inconsistencies, contract amendments, counterclaims, and payment plans.
- Bank of China – Is This the Start of Cooling Off for EB-5 Investment from China?
China’s state television accused Bank of China, one of the biggest state-owned commercial banks in China of violating the currency exchange rules and involves in shadow banking and money laundering on a large scale. This news is rather alarming to the EB-5 community as China provides more than 85% of the EB-5 investment.