Search for: "America Whole Sale Lender"
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4 Mar 2022, 9:57 am
On a regional basis, e-commerce transaction values in North America are expected to grow 11% annually, more than twice the projected pace of point-of-sale volume, and reach $2.3 trillion in 2025, according to the FIS report. [read post]
4 Oct 2021, 6:24 am
In addition, the supervisory body responsible for granting bank licences in Germany, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”), issued guidelines in 2009 (as amended on 2 May 2016), stating that a banking licence is not required for secondary loan transactions where: a fully funded loan is being purchased by assignment; or the German borrower initiates contact with the… [read post]
10 Mar 2021, 10:08 am
Importantly, new technologies enable businesses and individuals to become connected to a digital payments infrastructure via mobile phones, computers, and point-of-sale devices, repl [read post]
4 Sep 2020, 5:28 am
A lender will also be subject to the Danish Anti-Money Laundering Act, requiring the lender to register with the Danish FSA and to have AML procedures in place. [read post]
1 May 2020, 2:11 am
METHOD OF TRANSFER The main methods of loan transfer are: by way of an English law assignment; French law cession de créance, which is similar to an English law assignment in that it assigns rights but not obligations; or French law cession de contrat which assigns the rights and obligations of an existing lender to the new lender. [read post]
7 Jun 2019, 3:00 am
This year was the second in a row the industry’s trade group, the Community Financial Services Association of America, held its convention at the Doral. [read post]
29 Nov 2018, 11:58 am
Section 523(a)(8) of the Bankruptcy Code provides for certain exceptions to discharge, including an educational loan made, insured, or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or nonprofit institution. 11 U.S.C. [read post]
5 Nov 2018, 3:32 pm
In December 2006, the loan was assigned by Charter One to National Collegiate Funding, LLC through a 2006-4 Pool Supplement, and on that same date, National Collegiate Funding, LLC assigned the account to Lender through a Deposit and Sale Agreement, assigning all right, title, and interest. [read post]
22 Aug 2018, 9:01 pm
She could have tried to micro-manage the problem by specifying a whole new set of corporate laws, but instead she proposed the creation of a new agency that would grant corporate charters based on broad goals.The law would require only th [read post]
27 Mar 2018, 5:02 pm
National City assigned the Access Loans to Access pursuant to a Commitment and Loan Sale Agreement, first entered into on April 1, 1998 and subsequently amended or restated from time to time, under which National City agreed that it would sell to Access student loans National City originated pursuant to the Access Loan Program. [read post]
14 Feb 2018, 2:57 pm
This past year was an eventful one in the corporate and securities litigation arena. [read post]
17 Dec 2017, 3:28 pm
The account ended up being owned by FIA Card Services, a wholly owned subsidiary of Bank of America Corporation, and the transfer transaction was in the nature of a merger, not an asset sale to a third-party national bank.BANK OF AMERICA - FIA CARD SERVICES N.A.MERGER HISTORYWhile the sale to Midland Funding, LLC was an asset sale (portfolio sale), the transfer of the credit card account to FIA was not, at least not to an unrelated third-party. [read post]
12 Dec 2017, 9:57 am
Madden's Credit Card Debt, the Sale of Her Account, and the Defendants' Collection EffortsIn 2005, Saliha Madden, a resident of New York, opened a Bank of America ("BoA") credit card account. [read post]
12 Dec 2017, 9:57 am
Madden's Credit Card Debt, the Sale of Her Account, and the Defendants' Collection EffortsIn 2005, Saliha Madden, a resident of New York, opened a Bank of America ("BoA") credit card account. [read post]
5 Nov 2017, 6:02 am
Midland, it would not adversely affect state-based lenders who are already subject to usury limits. [read post]
5 Nov 2017, 6:02 am
The analysis may be different in the securitization context, but that was not the scenario present in Madden.Even if all existing and potentials purchasers of charged-off debt (Midland and its ilk) exited the market and even if the entire secondary market for charged-off consumer debt ceased to exist, the maximum incremental loss to the lenders (as owners of the charge-off debt) would be capped at the sale price (percent of nominal value) previously realized by lenders as… [read post]
NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
The statutes of limitations are not same across jurisdictions in terms of length, and in many instances the choice-of-law state (which also varies, depending on the identity of the original creditor/program lender) does not govern the limitations issue if the courts of the state treat limitations as a procedural issue (or an issue regarding the availability of a legal remedy) as opposed to a substantive-law issue that would -- at least in theory -- be governed by the law of the jurisdiction… [read post]
9 Aug 2017, 9:09 pm
It doesn’t simply mean subsequent sales, because an indorsement is more than a sale. [read post]
7 Aug 2017, 8:53 am
For this reason, changes in asset value are usually only recorded as capital gains (or losses) upon the sale of the asset. [read post]
8 Sep 2016, 7:36 am
” This is a document designed for lenders to navigate Indian country lending. [read post]
