The Mortgage Crisis and the Era of Dodd-Frank

The Mortgage Crisis and the Era of Dodd-Frank

Americans purchased 5.5 million homes in 2016, the highest number in ten years, but still millions below pre-recession levels. The year of 2008 was a modern low point for homeowners after a housing bubble and subprime mortgage crisis caused household net worth to...
Fourth Circuit Issues Its Opinion in Dillon v. BMO Harris Bank

Fourth Circuit Issues Its Opinion in Dillon v. BMO Harris Bank

On May 10, 2017, the Fourth Circuit Court of Appeals issued its opinion in Dillon v. BMO Harris Bank, Case No. 16-1362, which held a tribal choice of law provision and arbitration clause in a lending contract were unenforceable because portions of the contract...
Schumer Touts Former CFPB Official for FTC Commissioner

Schumer Touts Former CFPB Official for FTC Commissioner

Senate Minority Leader Chuck Schumer (D- NY) spoke this week with President Trump about filling a Democratic vacancy on the Federal Trade Commission’s (FTC) governing board. Senator Schumer recommended the President add Rohit Chopra, a fellow at the Consumer...
Commerce Secretary Downplays Expected Economic Growth

Commerce Secretary Downplays Expected Economic Growth

Secretary of Commerce Wilbur Ross recently discussed America’s disappointing first quarter economic output and the likelihood of achieving three percent growth during President Trump’s first year in office. Secretary Ross put much of the blame for the slow growth...
Marketplace Lenders Fight Decline, Seek Answers

Marketplace Lenders Fight Decline, Seek Answers

Marketplace loans are a unique form of credit where investment capital is funneled through online platforms to consumers and small businesses. What originally began as peer-to-peer financing has now grown into a multibillion dollar sector in FinTech with millions in...

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