In July 2024, the Federal Bureau of Investigation and Department of Treasury’s Financial Crime Enforcement Network and Office of Foreign Assets Control (OFAC) released a joint notice discussing how Mexican-based Transnational...more
The Federal Bureau of Investigation (FBI) recently issued a warning about scams involving timeshares that have senior Americans as the primary victim. The FBI noted that timeshare fraud poses a significant risk to older...more
Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Wisconsin Shows Timeshare Exit Company the Exit - ...more
Wisconsin AG Josh Kaul secured a judgment against Relief Solutions International, LLC (RSI) and its owners in a lawsuit alleging that the timeshare exit company violated Wisconsin consumer protection laws by misrepresenting...more
“Build affordable housing.” Easier said than done. Build it where? Which surplus city properties would be good candidates for this kind of project? What types of policies do a better job of fostering housing development?...more
Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • AGs Go After Timeshare Exit Companies over Allegedly...more
Missouri AG Andrew Bailey filed a lawsuit against RSI, LLC and its owners (collectively, “RSI”), alleging that the timeshare-exit company violated the Missouri Merchandising Practices Act by making false promises and...more
On March 2, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions, pursuant to Executive Order 14059, against eight Mexican companies connected to timeshare fraud on behalf of the Cartel...more
Here are this week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Google and iHeartMedia Settle with Multistate...more
Wisconsin AG Josh Kaul and the FTC filed a lawsuit against Consumer Law Protection, LLC and its affiliated entities and owners (collectively, “Consumer Law Protection”) for allegedly violating the state’s consumer protection...more
In May of 2022, a New Jersey District Court ruled in favor of Diamond Resorts, declining to find them liable under the Fair Credit Reporting Act. The case, Esperance v. Diamond Resorts, provides insight on how courts are...more
El pasado 28 de marzo del 2022 se publicó en el Diario Oficial de la Federación, la Norma Oficial Mexicana denominada “NOM-029-SE-2021 Prácticas Comerciales-Requisitos Informativos para la Prestación del Servicio de Tiempo...more
The March 28, 2022 Federal Official Gazette published mandatory standard NOM-029-SE-2021, Business practices-Informational requirements for the provision of timeshare services (NOM 029), which supersedes the 2010 version. ...more
Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: Greyhound Will No Longer Allow Suspicionless CBP...more
Washington AG Bob Ferguson reached a settlement with timeshare exit company Reed Hein & Associates LLC (“Reed Hein”) to resolve allegations that it used deceptive practices to market its timeshare exit services and to...more
Financial Services Update - TILA / Definition of Creditor: entity that arranges for the extension of credit is not a “creditor” under TILA – Rosolen v. Home Performance Alliance, Inc., No. 19-cv-00024-JLB-NPM (M.D. Fla....more
In this series, we look at how various payment rights are treated in bankruptcy. A summary like this could not possibly address every right that might arise in any given bankruptcy case. We have omitted several of the...more
There is no denying that COVID-19 has dealt an unprecedented blow to the timeshare industry. While timeshare companies face a months-long road to recovery, diligent preparation for a strong comeback should begin today. ...more
Real Property Update - Foreclosure / Standing: bank cannot rely solely on its acquisition of prior lenderto prove standing where note was specially indorsed to prior lender - Certo v. The Bank of New York Mellon, No....more
For aircraft owners and operators with timeshare agreements or other operations under Part 91 of the Federal Aviation Regulations (FAR), now may be the time to review your compliance program....more
Division of Investment Management of the SEC Issues No-Action Letter to SSB - On May 8, 2018, the Chief Counsel's Office of the Division of Investment Management ("IM") of the Securities and Exchange Commission (the...more
Notwithstanding Lloyd’s assurances that the rumors of his demise are premature, Goldman has cleared the path forward for David Solomon (aka, one of its current co-Presidents, aka, DJ D-Sol) to assume the CEO position when Mr....more
On August 30, the Northern District of California thwarted a disgruntled timeshare owner’s attempt to arbitrate her dispute against a timeshare developer on a classwide basis. A timeshare purchaser alleged that Wyndham, the...more
CHANGES TO STARK LAW, NEW ADVANCE CARE PAYMENTS INCLUDED IN 2016 PHYSICIAN FEE SCHEDULE - The Centers for Medicare & Medicaid Services (CMS) recently published a final rule (Final Rule) regarding physician payment...more
On October 30, 2015, the Centers for Medicare and Medicaid Services (“CMS”) posted a final rule, which was published in the Federal Register on November 16, 2015 (“Final Rule”), modifying the regulations implementing the...more