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Ballard Spahr LLP
Ballard Spahr: Sixth Circuit Rejects Nationwide Settlement of Robo-Signing Class Actions

A nationwide settlement of three class actions involving claims that a creditor's practice of using "robo-signed" affidavits in debt collection actions violated the Fair Debt Collection Practices Act (FDCPA) has been overturned by the...

Jordan D. Maglich
Guilty Plea Expected By 26-Year Old 'Jet-Setter' Accused of $10 Million Ponzi Scheme

A 26-year old south Florida man is expected to plead guilty to criminal charges that he masterminded a $10 million Ponzi scheme that financed a his worldwide jet-setting lifestyle. Donald R. French Jr., 26, is scheduled to appear before a Florida...

Williams Mullen
Williams Mullen: CFPB Issues Final Rules on Loan Originator Compensation, as Required by Dodd-Frank

by Edmund D. Harllee On Friday, February 15, the Consumer Financial Protection Bureau (the "Bureau") published final rules (with official interpretations) in the Federal Register to amend its Regulation Z (Truth in Lending) to implement...

Trent Dykes
New Delaware Chancery Opinion Affecting License Rights in Mergers

On February 22, 2013, in its Meso Scale Diagnostics, LLC v. Roche Diagnostics GMBH decision, the Delaware Court of Chancery held that a reverse triangular merger is not an assignment by operation of law, meaning that licensor consent is not required...

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Timothy Raub
High Court: Debt Collection Act Does Not Prohibit Award of Costs Under Rule

WASHINGTON, D.C. - (Mealey's) Section 1692k(a)(3) of the Fair Debt Collection Practices Act (FDCPA) "is not contrary to, and, thus, does not displace a district court's discretion to award costs under" Federal Rule of Civil Procedure...

Dykema
Chamber of Commerce Calls (Yet Again) for Improvements in the CFPB’s Supervision and Authority Processes

by Richard E. Gottlieb and Jeffrey E. Jamison For the second time in eight months, the U.S. Chamber of Commerce has called for the CFPB to take action to "eliminate the uncertainty and lack of clarity that continues to cloud the Bureau's...