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By Litigation Practice Group On April 30, 2020, Oregon’s Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-2014 (the “Bulletin”) to provide guidance to Oregon-regulated collection agencies and debt purchasers to actively help debtors hit by the economic effects of the novel coronavirus. The Bulletin follows guidance issued at the end of March 2020 to lenders …
By Litigation Practice Group On March 20, 2020, the Oregon Department of Consumer and Business Services (“DCBS”) published Bulletin No. DFR 2020-07 (the “Bulletin”) to provide guidance to Oregon-regulated lenders and loan servicers in extending help to borrowers struggling through the COVID-19 pandemic. Recognizing the difficulty that many Oregon businesses and individuals will and may have in repaying …
By Caleb A. Williams In a recent edition of Business Briefs we discussed crowdfunding and the opportunity to use such an investment vehicle for real estate development. Recent events in Oregon require that we return to the topic of crowdfunding. “Crowdfunding” is used to describe several different forms of raising capital, including advance sales of …