Financial Services Blog
- Blog: Financial Services PerspectivesHUD Announces New COVID-19 Recovery Loss Mitigation OptionsPosted on July 27, 2021 by Leah M. Campbell, Christy W. Hancock and James W. Wright Jr.In a bid to avoid a wave of COVID-19-related foreclosures, the Department of Housing and Urban Development (HUD) published Mortgagee Letter 2021-18 to lenders and servicers on July 23, 2021, that will allow borrowers with loans insured by the Federal Housing Agency (FHA) to extend the term of their mortgages and lock in lower monthly...
- Blog: Antitrust UpdateFirm Attorneys Author “Trends in Class Certification” Chapter in GCR’s US Courts Annual Review Posted on July 19, 2021 by William F. Cavanaugh, Jr., David Kleban, Jonathan HermannThe past decade has witnessed significant development in class action certification standards in the antitrust context, and the past year has been no exception. Questions of predominance continue to be at the forefront, although the numerosity requirement has also been put to the test. This chapter places these issues of class certification in context by [...]
- Blog: Waller Law BlogExecutive order targets hospital consolidation, non-competesPosted on July 8, 2021 by Executive order aims to increase scrutiny on healthcare mergers, limit non-competes and support price transparency.
- Blog: The Business Law BlogAmendments to the Business Corporations Act Permit Virtual Meetings in
British ColumbiaPosted on June 1, 2021 by Stuart D. Breen, Michael Li, Chat Ortved, Jagdeep S. Shergill, Jacqueline
WilmottVirtual shareholder meetings have become ubiquitous for both public and private companies since the onset of the COVID-19 pandemic. Canadian securities regulators, stock exchanges and federal and provincial governments quickly responded to accommodate electronic meetings where it was otherwise not permitted. In British Columbia, Ministerial Order No. M116 was ...
- Blog: NextGen Financial Services ReportWorkouts Never Go Out of Style: What To Expect in the CMBS Market During the Second Half of 2021, and BeyondPosted on May 12, 2021 by Edward S. Weil, Mark A. Silverman and Leia Scott2020 was a bad year… okay, it was a really, really bad year. CMBS borrowers, in particular, found themselves in default and often-times upside down on their CMBS loans. While 2021 has started to show signs of life, even showing a gentle decline in special servicing and delinquency rates, a closer look reveals that certain...Continue Reading…
- Blog: Banking Law UpdateFinancial Institutions . . . In the NewsPosted on December 8, 2020 by James I. CohenThe Consumer Financial Protection Bureau has Wall Street and banks concerned that stronger oversight will take place under President-elect Biden’s term as President. (PPH 12.8.2020) Beginning 2021, Machias Savings Bank will put their leadership restructuring plan into effect. (The County 12.3.2020) Regulatory approval of the Kennebec Savings Bank and Kennebec Federal Savings has been granted. [...]