Construction Oberview: Maryland Court of Appeals Rules that Consumer Protection Act Applies to Condominium Resale Disclosures by Ober|Kaler on 5/14/2012 In a unanimous opinion filed on April 30, 2012, the Maryland Court of Appeals has established that provisions of the Maryland Consumer Protection Act apply to the information contained in a condominium resale certificate. The...more
CFPB Selects Director for Office of Minority and Women Inclusion by Ballard Spahr LLP on 5/7/2012 On April 30, the CFPB announced the appointment of Stuart Ishimaru as Director of the CFPB’s Office of Minority and Women Inclusion (OMWI). As we reported, the Dodd-Frank Act required the CFPB and various other federal...more
Bill Illustrates Ils Besetting Corporate Fraud Fund by Allen Matkins Leck Gamble Mallory & Natsis... on 5/7/2012 In 2002, the Legislature enacted AB 55 creating the victims of corporate fraud fund. Since the fund was created, it has collected about $15 million and nearly 800 claims have been submitted. In a devastating article...more
Should Coupons be Considered “Property” Under New Jersey Consumer Contract Law? by Robert Levy on 4/20/2012 Should Coupons be Considered “Property” Under New Jersey Consumer Contract Law? by Robert Levy The New Jersey Supreme Court is considering an interesting legal issue at the request of the Third U.S. Circuit Court of...more
CFPB Issues S.A.F.E. Act Examination Procedures by Jonathan Foxx on 3/30/2012 On March 7, 2012, the Consumer Financial Protection Bureau (CFPB) issued guidance regarding examination procedures pertaining to compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act or...more
Fundamentos Anteproyecto Código Civil 2012 Anteproyecto Código Civil 2012 Argentina by Fernando Pietragalli on 3/29/2012 Fundamentos del anteproyecto....more
Illinois District Court Dismisses Action Based on Lack of Personal Jurisdiction Over Individual Corporate Officers by Katten Muchin Rosenman LLP on 3/8/2012 The U.S. District Court for the Northern District of Illinois dismissed certain claims against individual defendants in a fraud suit, holding that it lacked personal jurisdiction over those defendants. The plaintiffs brought...more
The Supreme Court of Missouri Narrowly Upholds Missouri’s Punitive Damages Cap: For Now by Jeff Dunlap on 2/28/2012 Legal Commentary Update by Peter A. Corsale of Gallop The Supreme Court of Missouri Narrowly Upholds Missouri’s Punitive Damages Cap: For Now On January 31, 2012, in a 3-2 split, the Missouri Supreme Court upheld...more
Overview of Federal Bank Enforcement Actions by Venable LLP on 2/17/2012 In This Presentation: Statutory Authority for Bank Enforcement Powers Section 8 of the Federal Deposit Insurance Act - 12 U.S.C.§1818 (termination/suspension of insurance, cease &...more
Proposed EU Data Protection Regulation What Companies Need to Know by Francoise Gilbert on 2/15/2012 A review and analysis of the proposed EU Data Protection Reform: the General Data Protection Regulation and the Police and Criminal Justice Data Protection Directive. ...more
California’s “Shine the Light” Law: Is Your Company in Compliance? by Morrison & Foerster LLP on 2/2/2012 In the past month, plaintiffs’ lawyers have filed a number of class action lawsuits alleging that companies’ websites fail to provide notices regarding disclosure of personal information under...more
CompuCredit: Credit the Supreme Court for Consistency on Enforcement of Pre-Dispute Arbitration Agreements by Jeff Dunlap on 1/19/2012 On January 11, 2012 the Supreme Court decided CompuCredit Corp. v. Greenwood, No. 10-948, a closely-watched case involving pre-dispute arbitration agreements under the Credit Repair Organizations Act in the consumer arena. ...more
Consumer Financial Protection Bureau Launches Supervision Program for Nonbanks by Richik Sarkar on 1/1/2012 Consumer Financial Protection Bureau Launches Supervision Program for Nonbanks On January 5, 2012, the United States Consumer Financial Protection Bureau (CFPB) officially began the first federal nonbank supervision...more
Understanding how Value Added Tax (VAT) is applied in the Democratic Republic of Congo by JOSEPH YAV KATSHUNG on 1/1/2012 Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises around 20 percent of the world’s tax revenue , and has been the centerpiece of tax reform in many developing countries...more
Licensed to Bill: Sub-Metering in Condominiums by Heenan Blaikie LLP on 12/16/2011 The famous Thomas Edison once said “I shall make electricity so cheap that only the rich can afford to burn candles”. While we are still very far away from seeing Mr. Edison’s statement come to fruition, the provincial...more