Financial Services Blog
- Blog: Antitrust UpdateAre Restaurant No-Tipping Policies the Product of an Antitrust Conspiracy?Posted on October 13, 2017 by Jamison Davies, Robert P. LoBueIn July of 2013, Danny Meyer, the CEO of the Union Square Hospitality Group, tweeted that he was considering eliminating tipping at his restaurants and solicited the opinion of other restaurant owners. Meyer and others eventually followed through on this idea and eliminated tipping at some of their restaurants. Instead, they began charging service fees [...]
- Blog: Broker-Dealer Law CornerFINRA’s Heavy Hand Questioned…By FINRAPosted on October 12, 2017 by Alan WolperI am on the record, many times, with my belief that, at least in theory, FINRA should never lose any Enforcement cases it files. This is for the simple reason that if FINRA has any genuine doubts about its ability to prevail in front of a hearing panel, due to the quality of the evidence...… Continue Reading
- Blog: Banking on This: Spilman Mortgage & Consumer Banking ReportReverse Mortgage Violation? Not So FastPosted on October 9, 2017 by Spilman AdministratorA West Virginia federal district court recently addressed a plaintiff’s claims that her reverse mortgage violated at least two statutes and West Virginia common law. The plaintiff was one of two borrowers on that mortgage and sued the mortgage lender and its servicing affiliate. The servicer moved to dismiss. The court granted the motion in […]
- Blog: TSMP ForefrontPower to the people – opening the gates to shareholder activismPosted on October 2, 2017 by Instead of blaming the "Gahmen", let's rethink Singapore's enforcement architecture that addresses corporate misfeasance.
- Blog: NextGen Financial Services ReportNew CFPB Online Inquiry Form Offers New Way to Ask Regulatory QuestionsPosted on August 21, 2017 by Elizabeth A. KhalilThe Consumer Financial Protection Bureau (CFPB)’s Office of Regulations has long offered the public the opportunity to ask the agency questions about specific regulatory provisions and receive informal feedback from CFPB attorneys, although the path for doing so was not always clear. Now, the CFPB is offering a new web interface to use for submitting...Continue Reading…
- Blog: Global Capital Markets LitigationRBS Settles RMBS Claims in FHFA SettlementPosted on July 25, 2017 by Meg SlachetkaOn July 12, 2017, the Royal Bank of Scotland (RBS) and the Federal Housing Finance Agency (“FHFA”) announced an agreement to settle claims arising out of RBS’s sale of allegedly faulty residential mortgage-backed securities (“RMBS”). RBS will pay $5.5 billion to settle the claims. The FHFA, as conservator of Fannie Mae and Freddie Mac, filed...… Continue Reading