by Andrea Goicochea | Oct 8, 2021 | 2021, Banking, Creditors’ Rights & Bankruptcy, Financial Services, Lawyers, Litigation
By Financial Services Industry Group In an opinion issued on September 2, 2021, the Washington Supreme Court held that the filed rate doctrine may be applied to lenders or mortgage servicers implementing forced place insurance when there is a direct attack on agency...
by Courtney Bloedorn | Apr 7, 2020 | 2020, Banking, Business, Company, COVID-19, Credit, Creditors’ Rights & Bankruptcy, Financial Services, Lawyers, News
By Litigation Practice Group On April 1, 2020, and as part of the federal government’s response to the COVID-19 pandemic, the Consumer Financial Protection Bureau (“CFPB”) issued a policy statement (“Statement”) to guide lenders and credit reporting agencies as to...
by Jeremy Rickson | Jun 10, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
A recent Supreme Court case considered whether, in a Chapter 7 bankruptcy proceeding, a junior mortgage may be voided when the senior mortgage amount exceeds the value of the property. For lenders, this means that if you hold a mortgage that is second in line to the...
by Jeremy Rickson | Jun 8, 2015 | Banking, Creditors’ Rights & Bankruptcy, News
By Creditors’ Rights and Bankruptcy Practice Group For lenders who maintain perfected security interests in collateral, the Second Circuit’s recent decision in In Re Motors Liquidation Company, et al. will go down in history as a...
by Jeremy Rickson | May 29, 2015 | Banking, Creditors’ Rights & Bankruptcy, Financial Services, Litigation, News
During a Chapter 13 bankruptcy proceeding, a trustee collects a portion of a debtor’s wages for distribution to creditors according to a court-approved payment plan. At any time, a debtor may convert his Chapter 13 proceeding into a Chapter 7 proceeding, during which...
