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Specialty Group: Financial Institutions and Markets

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SBA Announces 10-Tab Format Required for All Loan Applications Sent to LGPC after March 1, 2014

Contact: Lerch, Early & Brewer (Maryland, USA) SBA Notice 5000-1304 issued on January 23, 2014 notifies lenders that all applications submitted to the LGPC for loan origination must be submitted in the 10-Tab format. P ...

Banking the “Legal” Marijuana Industry is Still a Risky Business

Contact: Stephanie Kalahurka, Spencer Fane Britt & Browne LLP (Missouri, USA) Last Friday, the Financial Crimes Enforcement Network issued Guidance that is intended to clarify how banks can provide financial serv ...

Third-Party Claims Under the Fair Debt Collection Practices Act

Contact: Heather Morris; Spencer Fane Britt & Browne LLP (Missouri, USA) A recent decision from the Seventh Circuit reminds creditors, including banks, that the provisions of the Fair Debt Collection Practices Act ...

Do Spousal Waivers Violate Reg B?

Contact: Heather Morris; Spencer Fane Britt & Browne LLP (Missouri, USA) The reach of the Equal Credit Opportunity Act (“ECOA”) and Regulation B (“Reg B”) has become a popular conversation topic among ...

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