In Gause v. Gause, a son brought suit to affirm the existence of a trust established by his father.
On August 26, 2016, the Department of Defense (DOD) issued an interpretive rule providing guidance on the DOD’s regulations implementing the Military Lending Act (MLA).
Initial Considerations for Banks and Financial Institutions in the Aftermath of the Louisiana Flood Disaster
The Louisiana flood disaster unfortunately brings to the fore a unique set of issues for banks and financial institutions, both those located in south Louisiana and those who have customers impacted by the flooding.
The Consumer Financial Protection Bureau’s most recent supervisory highlights publication featured issues relating to the Fair Credit Reporting Act, loan originator compensation and in-person debt collection that should be on mortgage lenders’ and debt collectors’ radar.
Double-Check the Math: Advisers Should Not Provide Clients with Performance Data Created by Other Investment Managers Without Verifying the Information
In a series of enforcement actions this week, the SEC made it clear that investment advisers need to substantiate the performance records of investment management firms they recommend to their clients.
CFTC Issues No-Action Letter Regarding Use of Security-Based Swaps in Initial Margin Calculations for Uncleared Swaps
On August 23, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight and Division of Clearing and Risk (the Divisions) issued a response to the International Swaps and Derivatives Association (ISDA), which had requested the CFTC to clarify whether a covered swap entity (CSE) is permitted to include security-based swaps within the same product set as swaps for the purpose of calculating initial margin for uncleared swaps.
SEC Attacks Standard Severance Agreements–Companies Would Be Well Advised to Take Notice and Adjust Accordingly
Within the course of one week, the SEC took administrative action against two companies for language contained within severance agreements which restricted employee rights to obtain a monetary award for reports of potential law violations to the SEC.
On 8 August 2016 the Taxation (Business Tax, Exchange of Information and Remedial Matters) Bill was introduced into Parliament.
Bitcoin is a technological marvel that has revolutionized financial systems.
The Chamber of Commerce of the United States of America (Chamber) has filed an amicus brief opposing the CFPB’s petition filed in the Eastern District of Pennsylvania to enforce its civil investigative demand (CID) issued to J.G. Wentworth, LLC (JGW).