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  Trade credit, which typically involves a transaction in which the seller allows a buyer to purchase its goods without requiring immediate payment and the seller is not otherwise in the financial services business, would not be covered. [read post]
14 Sep 2020, 12:32 pm by Jane Turner
In 2007, Carlyle stated it would sell USIS to Providence Equity Partners, a private equity firm, for $1.5 billion. [read post]
14 Sep 2020, 12:32 pm by Jane Turner
In 2007, Carlyle stated it would sell USIS to Providence Equity Partners, a private equity firm, for $1.5 billion. [read post]
9 Sep 2020, 6:16 am by Law Lady
Union Federal Savings and Loan Ass'n of Miami, 425 So. 2d 1138 (Fla. 3d DCA 1982), which held that bankruptcy automatic stay provision is inapplicable in appellate court where the debtor, who is the defendant below and who has filed for federal bankruptcy protection, is the appellant, but panel suggests that court should revisit and recede from that decision. [read post]
4 Sep 2020, 5:28 am by Shannon O'Hare
The change of practice means that banks may now provide information on the borrower(s) under the specific loans in the portfolio, provided that this information is necessary to collect the debt (e.g. name, address and size of the loan). [read post]
27 Aug 2020, 3:55 am by Kevin Kaufman
The annual interest on the loan is 5 percent, or $5. [read post]
18 Aug 2020, 6:43 pm
The scammer sometimes asks for payment for their services in the form of personal checks or gift cards. [read post]
12 Aug 2020, 9:53 am by Paolo Olavario
On July 27, Fitch published an updated ratings methodology titled EMEA Equity Release Mortgage Bespoke Rating Criteria. [read post]
As we have previously reported, for those loans Section 3513 of the CARES Act not only suspended payments and set interest rates at zero percent until September 30, 2020, it also halted collections and counted non-payment of such debt toward the required 120 monthly payments for public service loan forgiveness. [read post]
10 Aug 2020, 8:51 am by Rebecca Tushnet
  Defendants falsely represented, among other things, that they would take over servicing student loans, but instead collected victims’ money and decided on a case by case basis how much to pay the actual holder of the debt. [read post]
31 Jul 2020, 5:00 am by Gene Takagi
@johnsoncenter estimated that about 452k #nonprofits were eligible for #PPP relief and about 40% nationwide received loans but there were large variations by state – http://ow.ly/1wUY30r12Bq #charity #nonprofit #philanthropy #COVID_19Nicholas Kulish: “People who used to donate to nonprofits are now standing in line to receive services. [read post]
29 Jul 2020, 2:24 pm
” Plaintiff refers to this as the “verbal loan commitment,” and alleges he would not have entered into the transaction had he known E-Loan would not honor the verbal loan commitment.In early 2015, defendant Specialized Loan Servicing LLC (SLS) began servicing plaintiff’s loan. [read post]
Cheryl Pinarchick is a partner in the Fisher Phillips’ Boston office and a founding Co-Chair of the Pay Equity Practice Group. [read post]
24 Jul 2020, 6:23 am by John Jascob
" He recalled meeting with bank executive leaders at the Financial Services Roundtable. [read post]
23 Jul 2020, 5:55 am by Kevin Kaufman
Gravelle, “Depreciation and the Taxation of Real Estate,” Congressional Research Service, Oct. 25, 2000, https://www.everycrsreport.com/files/20001025_RL30163_a546db900d6f08b69003019c922828026e1e4227.pdf. [read post]
23 Jul 2020, 3:54 am by Kevin Kaufman
See PwC, “Italy adopts digital services tax and reintroduces notional interest deduction,” Jan. 9, 2020, https://www.pwc.com/us/en/tax-services/publications/insights/assets/pwc-italy-adopts-dst-and-reintroduces-notional-interest-deduction.pdf. [read post]
15 Jul 2020, 4:25 am by Hedge Fund Lawyer
The SEC demonstrated its commitment to this position in a recent enforcement action against the manager of a private equity fund which provided operational services to its portfolio companies for which the manager charged additional fees. [read post]