LexisNexis® Legal Newsroom
Kevin M. LaCroix
The JOBS Act After One Year

A year ago, President Obama signed the Jumpstart Our Business Startups (JOBS) Act, a legislative product of rare bipartisan collaboration that was intended to improve employment and make it easier for smaller firms to raise private equity. (For an...

Ballard Spahr LLP
CFPB Expands Public Consumer Complaint Database

The Consumer Financial Protection Bureau has expanded its public Consumer Complaint Database to include complaints about mortgages, bank deposit products and services, student loans, and other consumer loans (which category includes complaints about...

Kathy Bazoian Phelps
March 2013 Ponzi Scheme Roundup

March continued the trend of way too many breaking news stories in Ponzi scheme cases. Here is the summary of the stories that were reported this month. Please feel free to post comments about these or other Ponzi schemes that I may have missed. And...

Dykema
ATM Fee Disclosures: Bureau Amends Regulation E Removing ATM Sticker Requirement

Readers will remember that, before December 2012, the Electronic Fund Transfer Act required ATM's to include fee notices on the machines themselves. Congress eliminated that requirement after banks faced repeated nuisance litigation arising out...

Jordan D. Maglich
Jury Needs Six Minutes to Convict Texas Man of $11 Million Ponzi Scheme

A federal jury needed just six minutes to return with a guilty verdict against a Texas man on trial for a $11 million Ponzi scheme. Gary Lynn McDuff, 58, was convicted of one count of conspiracy to commit wire fraud and one count of money laundering...

Ballard Spahr LLP
Ballard Spahr Alert: Mortgage Banking Update

by John D. Socknat and Matthew Saunig Uniform State Test Implementation Nearing As we previously noted, on April 1, 2013, 20 state agencies will begin to accept the Uniform State Test (UST) in connection with the licensing of mortgage loan originators...