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  • Blog: Antitrust UpdateEleventh Circuit Reinstates Auto Body Shops’ Antitrust Claims Against InsurersPosted on September 15, 2017 by Jamison Davies, Melissa R. Ginsberg
    In a 2-1 decision issued on September 7, 2017, the Eleventh Circuit reversed a district court decision dismissing antirust claims brought by auto body shops against a group of car insurance companies in the In re Auto Body Shop Antitrust Litigation. In this MDL, the auto body shop plaintiffs alleged that the defendant car insurance [...]
  • Blog: Broker-Dealer Law CornerI Want HIS Lawyer!Posted on September 5, 2017 by Alan Wolper
    A little over a year ago, the SEC announced a stunning settlement with Merrill Lynch regarding its violation of SEC Rule 15c3-3, commonly known as the “Customer Protection Rule.”  This is an important rule whose name gives away its purpose:  it is designed to ensure that if a broker-dealer ever fails, customer assets can be...… Continue Reading
  • Blog: NextGen Financial Services ReportNew CFPB Online Inquiry Form Offers New Way to Ask Regulatory QuestionsPosted on August 21, 2017 by Elizabeth A. Khalil
    The Consumer Financial Protection Bureau (CFPB)’s Office of Regulations has long offered the public the opportunity to ask the agency questions about specific regulatory provisions and receive informal feedback from CFPB attorneys, although the path for doing so was not always clear. Now, the CFPB is offering a new web interface to use for submitting...Continue Reading…
  • Blog: TSMP ForefrontInitial coin offerings – decrypting digital tokensPosted on August 21, 2017 by
  • Blog: Global Capital Markets LitigationRBS Settles RMBS Claims in FHFA SettlementPosted on July 25, 2017 by Meg Slachetka
    On July 12, 2017, the Royal Bank of Scotland (RBS) and the Federal Housing Finance Agency (“FHFA”) announced an agreement to settle claims arising out of RBS’s sale of allegedly faulty residential mortgage-backed securities (“RMBS”).  RBS will pay $5.5 billion to settle the claims. The FHFA, as conservator of Fannie Mae and Freddie Mac, filed...… Continue Reading
  • Blog: Banking on This: Spilman Mortgage & Consumer Banking ReportAmendments to West Virginia’s Consumer Credit and Protection Act Take EffectPosted on July 5, 2017 by Spilman Administrator
    In a prior post, we detailed the West Virginia Legislature’s passage of a bill to amend the West Virginia Consumer Credit and Protection Act and Governor Justice’s signing that bill into law. You can read that post here. Those amendments to the consumer protection statute took effect yesterday, July 4th. If you have any questions […]

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