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Final Rules Credit Agreements

Proskauer Rose LLP

Final Ruling in Serta Reaches Decision on “Open Market Purchase”

Proskauer Rose LLP on

Background In November 2016, Serta Simmons Bedding, LLC and certain affiliates (collectively, the “Debtors”) entered into credit facilities which provided for (i) $1.95 billion in first lien term loans (the “2016 Credit...more

Ballard Spahr LLP

Prepaid account agreements database now on CFPB website

Ballard Spahr LLP on

The CFPB’s final rule on prepaid accounts, which became effective on April 1, 2019, requires issuers of prepaid accounts, with certain exceptions, to submit to the CFPB all account agreements that the issuer offers, amends,...more

Pillsbury Winthrop Shaw Pittman LLP

Final Regulations Will Affect Default Risk for Borrowers with Pension Plans

The Pension Benefit Guaranty Corporation (the PBGC) has adopted final regulations relieving certain sponsors of defined benefit pension plans from the obligation to report certain events that signal an increase in the plan’s...more

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