Newsletters

10.13.16

California's DBO Hits LendUp With Action, Fine

California's Department of Business Oversight (DBO) reached a $2.68 million settlement with LendUp recently, a deal based on the regulator's allegations that the firm charged illegal fees and committed other "widespread" violations of state law.


10.13.16

California's DBO Hits LendUp With Action, Fine

California's Department of Business Oversight (DBO) reached a $2.68 million settlement with LendUp recently, a deal based on the regulator's allegations that the firm charged illegal fees and committed other "widespread" violations of state law.


06.25.15

Not the FTC’s Crowd: Agency Takes First Action Involving Crowdfunding

In the agency’s first case involving crowdfunding, the Federal Trade Commission filed suit against Erik Chevalier for raising money through a Kickstarter campaign ostensibly to produce a board game—only to spend the money on himself.


09.26.13

Expansion of California’s Anti-Deficiency Laws Means More Litigation For Creditors

Turning a narrow consumer shield into a potentially broad sword, this summer California expanded its anti-deficiency judgment laws to prohibit not only the judicial pursuit of mortgage deficiency balances, but also to declare that post-foreclosure deficiencies can be neither “owed” nor ...