by Robert J. Saalfeld | Apr 25, 2014 | Banking, Business & Taxation, Creditors’ Rights & Bankruptcy, Financial Services, Lawyers, Litigation, News
The Oregon Court of Appeals recently affirmed that a secured creditor can choose their remedy, such as a forbearance agreement, without waiving their right to priority in the borrower’s collateral. In Davis v. F.W. Financial Services, a lender extended credit to an...
by Robert J. Saalfeld | Feb 24, 2014 | Banking, Business & Taxation, Creditors’ Rights & Bankruptcy, Financial Services, News
In 2013, the Legislature adopted changes to the Oregon Bank Act (ORS chapters 706 to 716) which requires the Director of the Department of Consumer and Business Services to set the frequency of board meetings by rule. The proposed rulemaking activity sets the minimum...
by Robert J. Saalfeld | Feb 5, 2014 | Business & Taxation, Creditors’ Rights & Bankruptcy, Financial Services, Lawyers, Litigation, News
The Washington Court of Appeals decided Washington Federal Savings and Loan Association v. The McNaughton Group, et al, on February 3, 2014, which held Washington Federal’s line of credit instrument did not encumber monies owed under a certain “latecomer agreement.”...
by Robert J. Saalfeld | Jan 2, 2014 | Business & Taxation, Creditors’ Rights & Bankruptcy, Financial Services, News
Evergreen International Airlines Inc., a provider of air freight and transport services, sought bankruptcy protection yesterday two weeks after creditors asked a court to force the company to pay off its debt through involuntary bankruptcy, Bloomberg News reported...
by Jeremy Rickson | Dec 13, 2013 | Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
The Federal Financial Institutions Examination Council (FFIEC), composed of various financial regulatory agencies, issued guidance to help financial institutions with compliance and legal issues surrounding the use of social media. FFIEC suggests that financial...
by Jeremy Rickson | Nov 8, 2013 | Company, Creditors’ Rights & Bankruptcy, Litigation, News
The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to update the legal foundation surrounding consumer debt collection practices. The proposal comes at a time when 13 state attorneys general are investigating companies that buy defaulted...
