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An Entrepreneurial Recession

Contact: Clarkslegal (Reading, England) Following the collapse of the global economy in 2007, entrepreneurship has become a go-to concept for the private and public sectors alike.  With the American presidential el ...

New York Plaintiffs’ Firm Sues Illinois Banks For Overdraft Fees & Transaction Reordering

Consumer Account Agreements, Rules and Regulations Covering ATM and Debit Cards Require Attention as a Result of New Class Action Filings Against Banks in Illinois. ...

Do I Have to Pay Overtime? The Fair Labor Standards Act and the Financial Services Industry

BY: DAVID C. BURTON & IGOR M. BABICHENKO; Williams Mullen (North Carolina and Virigina, USA) The number of Fair Labor Standards Act (“FLSA”) lawsuits continues to increase with no signs of slowing down. In the annua ...

The SEC Proposes Rules To Allow General Solicitation And Advertising In Private Offerings Under Rule 506 Of Regulation D

Contact: Andrew E. Katz and Daria K. Boxer; Mitchell Silberberg & Knupp LLP (Los Angeles, California, USA) On August 29, 2012, the Securities and Exchange Commission (SEC) proposed amendments to Rule 506 ...

Proposed Rules Published on Dodd-Frank Requirements for HOEPA Loans

Contact: Edmund D. Harllee; Williams Mullen (North Carolina & Virginia, USA) On August 15, 2012, the Bureau of Consumer Financial Protection (the “Bureau”) issued a proposed rule and request for public comment on ch ...

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