On June 25, 2020, federal banking and securities regulators issued new regulations that will ease burdens on banks that involve themselves with certain types of investment funds.

A bank or other person may collect debts that it purchased for its own account without triggering the statutory requirements of the Fair Debt Collection Practices Act, a unanimous Supreme Court recently ruled.

Continuing its efforts to modernize the U.S. payments infrastructure, the Federal Reserve Board of Governors announced that effective September 23, 2016, receiving depository financial institutions (RDFIs) who participate in the FedACH network will be required to accept same-day automated clearing ...

The Consumer Financial Protection Bureau (CFPB) released its final rule providing oversight of larger participants in the nonbank auto-financing ecosystem, along with examination procedures for covered entities, making the significant expansion of its supervision official.

By Ellen R. Marshall, Partner, Financial ServicesIn a vote along party lines, the House of Representatives passed the Financial CHOICE Act of 2017, which would eliminate or scale back many of the provisions found in the Dodd-Frank Wall Street Reform and Consumer Protection Act.What ...

Seeking to "gain greater insight into issues about access to credit," the Consumer Financial Protection Bureau (CFPB) announced the launch of a rulemaking process to change reporting requirements under the Home Mortgage Disclosure Act (HMDA). The new reporting requirements could have ...

In a little-noticed report issued in February, the Bipartisan Policy Center's Housing Commission recently painted an interesting picture of the future role of the federal government in housing finance. Titled Housing Future: New Directions for National Policy, the paper takes a view that is both ...

The value of mortgage servicing rights (MSRs) may be changing and the market for acquiring MSRs may be heating up. This market phenomenon is the result of the proposed Basel III capital rules applicable to banks.For non-banks, the Basel III rules may seem irrelevant, but that could be a mistake. ...

Best Lawyers in America has named eight Manatt attorneys as “Lawyer of the Year” for 2021.

Sixty-four Manatt attorneys have been named to the 2020 edition of the Best Lawyers in America report, which recognizes the nation’s leading lawyers each year based on a national peer-review survey.     Five attorneys were also named “Lawyer of the Year” in this ...

Manatt’s Brian Korn and Veronica Lah led a Manatt team representing CircleUP Network, Inc. and its affiliates in the closing of a $150 million financing transaction with Community Investment Management.

Manatt’s Neil Faden and Brian Korn led a team of Manatt attorneys in representing Platinum Auto Finance of Tampa Bay in securing a $100 million warehouse loan facility and $15 million in mezzanine financing. 

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