Latest Publications

Share:

Commercial Litigation Outlook - 2024

By any measure, the world has changed vastly since we issued our first Commercial Litigation Outlook in 2020. We are now on our fourth installment of providing insights and flagging trends for what to expect in the coming...more

What if My Loan is Still with a Bridge Bank?

When Signature Bank and Silicon Valley Bank were placed in receivership, the Federal Deposit Insurance Corporation (FDIC) transferred their respective assets to “bridge depository institutions” a/k/a “bridge banks.” The...more

CFPB Publishes New Policy Statement on Abusive Acts and Practices

On April 3, 2023, the CFPB published a new official statement of policy on the authority that Congress passed in the Consumer Financial Protection Act of 2010 (“CFPA”), codified at 12 U.S.C. § 5536(a)(1)(B), banning “abusive...more

A Look Under the Hood of Signature Bridge Bank, N.A. Sale to New York Community Bancorp’s Flagstar Bank, N.A.

On March 12, 2023, Signature Bank, New York, NY (SB) was closed by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. “[T]he FDIC transferred all...more

Silicon Valley Bank and Signature Bank

The FDIC has statutory obligations to maximize the net present value return from the sale or disposition of the assets entrusted to it as receiver, and to minimize the amount of any loss realized.[1] Today we examine the...more

Silicon Valley Bank Auction and Signature Bank Sale

Bank Asset Auction: Bids for Silicon Valley Bridge Bank, N.A. (“SVB”) and its subsidiary Silicon Valley Private Bank, together or separately, in whole or in part, are due by Wednesday, March 22, 2023 at 8 p.m. and Friday,...more

Creditor Claims Against Silicon Valley Bank and Signature Bank

The FDIC has announced the proof of claim deadlines for proofs of claim to be filed with the FDIC as receiver of the failed banks, Silicon Valley Bank (“SVB”) and Signature Bank. The deadline to file a proof of claim against...more

Silicon Valley Bank’s Takeover by the FDIC

Seyfarth has received a large number of client inquiries on the Federal Deposit Insurance Corporation’s (“FDIC”) appointment as receiver of Silicon Valley Bank, Santa Clara, California (“SVB”). SVB was closed by the...more

Commercial Litigation Outlook - 2023

Welcome to the third annual installment of Seyfarth Shaw’s Commercial Litigation Outlook, where our nationally recognized team provides insights about litigation issues and trends to expect in 2023. The continuing global...more

CFPB Concludes Most Convenience Fees Charged by Debt Collectors Violate the FDCPA

Following its recent “initiative” and request for information to reduce “exploitative junk fees,” the Consumer Financial Protection Bureau (“CFPB”) has on June 29, 2022 released an advisory opinion. The opinion concludes that...more

The CFPB’s New Focus on Medical Debt Collection

Medical service providers who engage in medical billing, debt collection, and credit reporting are the focus of new regulations and regulatory enforcement efforts. Civil litigation is sure to follow. Under the direction of...more

Commercial Litigation Outlook - 2022

Welcome to the second annual installment of Seyfarth Shaw’s Commercial Litigation Outlook. Our nationally recognized team provides keen insights about what to expect in 2022. In short, it will be a busy year that will call...more

The CDC’s Nationwide COVID-19 Eviction Moratorium Has Been Put Down for the Count—Finally. So What Happens Next?

A mere three weeks after the application to vacate stay was filed, the United States Supreme Court has effectively ended the year-long row over the lawfulness of the federal Centers for Disease Control’s nationwide eviction...more

Commercial Litigation Outlook - 2021

As the nation emerges from the pandemic, clients face the double-whammy of delayed resolution of existing disputes (thanks to court shutdowns) and increased litigation activity across the board. The third quarter of 2020 saw...more

CDC Extends its Eviction Moratorium Through the End of June at Same Time the Sixth Circuit Rejects CDC’s Authority to Halt...

On March 28, three days before its scheduled expiration date, the Centers for Disease Control and Prevention (“CDC”) extended its nationwide eviction moratorium order (“CDC Moratorium”) through June 30, 2021.[1] The CDC took...more

CFPB Wastes No Time Shifting Focus to Consumer Protection by Rescinding Trump-Era Policy Statement on Abusive Acts and Practices

The Consumer Financial Protection Bureau (CFPB or Bureau) announced on March 11, 2021 that it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices” (2020...more

Is the CDC’s Nationwide COVID-19 Eviction Moratorium Down for the Count?

A second federal district court has declared the Centers for Disease Control and Prevention’s (“CDC”) eviction moratorium (“CDC Moratorium”) invalid. On March 10, 2021, Judge J. Philip Calabrese of the Northern District of...more

President Biden’s Inauguration Brings Expected Extensions of Federal Foreclosure and Eviction Moratoria

The inauguration of President Biden on January 20, 2021, and the launch of a new executive administration, brought with it further extensions of the federal moratoria on conducting foreclosures of single-family residential...more

Consumer Financial Protection Board Taskforce issues 900-page Report with Broad Recommendations in Waning Days of Trump...

Just two weeks before the inauguration of President-elect Biden, and the launch of a new executive administration, the Consumer Financial Protection Bureau (CFPB or Bureau) Taskforce on Federal Consumer Financial Law...more

$91M Nationstar Mortgage Settlement Resolves CFPB and State Claims of Illegal Loan Servicing Practices

On December 7, 2020, the Consumer Financial Protection Bureau (CFPB) along with attorneys general from all 50 states and the District of Columbia and bank regulators from 53 jurisdictions covering 48 states and Puerto Rico,...more

Massachusetts Eviction Moratorium Set to Expire on October 17, 2020

We previously reported that on April 20, 2020, the Commonwealth of Massachusetts enacted emergency legislation imposing moratoriums on certain evictions and foreclosures of primarily residential properties and some commercial...more

Governor Baker Extends Massachusetts’ Eviction and Mortgage Foreclosure Moratorium By Sixty Days until October 17, 2020

We previously reported that on April 20, 2020, the Commonwealth of Massachusetts enacted emergency legislation imposing moratoriums on certain evictions and foreclosures of primarily residential properties and some commercial...more

Massachusetts (Finally) Passes Eviction and Mortgage Foreclosure Moratorium Legislation Due to the COVID-19 State of Emergency

More than a month after Governor Charlie Baker declared a state of emergency arising from the novel coronavirus in the Commonwealth of Massachusetts on March 10, 2020, the “COVID-19 Emergency Declaration,” the state...more

Navigating the Residential Mortgage Landscape During COVID-19: What Lenders and Servicers Should Know About The CARES Act

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law. Among other things, the CARES Act allows residential mortgage borrowers with federally-backed loans to obtain a...more

Massachusetts Attorney General Issues Unprecedented Regulation Limiting Consumer Debt Collection During the COVID-19 State of...

On Friday, March 27, 2020, Massachusetts Attorney General Maura Healey promulgated an unprecedented regulation severely restricting and limiting the collection of debts from Massachusetts consumers during the COVID-19 state...more

3/31/2020
28 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide